Bahrain Mirror: Personal loans from local banks to individuals and private and public institutions increased by 685 million dinars by the end of the first half of this year on an annual basis.
Central Bank of Bahrain's statistics showed that the existing loan balance was 9.88 billion dinars at the end of June 2019, compared to 9.2 billion dinars in the same period last year; i.e. an increase of 7%. The loan balance represents 69.4% of GDP, compared to 64.6% in the same period of the previous year.
The total balance of personal loans at the end of the first half was about 4.3 billion dinars (3.9 billion dinars in June 2018), and the balance of institutional loans was about 5.2 billion dinars (4.9 billion dinars in June 2018). Meanwhile, the government loans amounted to about 342 million dinars (358 million dinars in June 2018). The figures show a decline in car loans to the individual sector, reaching 96.6 million dinars at the end of the first half, compared to 105 million in the previous year.
Mortgage loans maintained reasonable growth rates of about $1.86 billion for the individual sector and about 1.87 billion dinars for the enterprise sector. With regard to deposits, the data indicated a rise in deposits at retail banks that reached around 12.97 billion dinars at the end of the first half of this year, compared to $11.8 billion; i.e. an increase of more than 1 billion dinars and a percentage of about 9.9, as loans constitute to about 91.1% of the country's GDP.