Employment in Bahrain’s financial services industry grew by 2.8 percent during 2015, with a total of 13,877 people employed at end-2015 compared to 13,496 in the year-earlier period, according to central bank figures.
Central bank data showed that employment in the financial sector continued to grow last year despite the recent economic conditions caused by the decline in oil and the global restructuring of the financial industry.
The main driver of job growth was the non-bank financial sector comprising insurance firms, money changers, financing companies, and investment business firms, which added 287 new jobs, an increase of 5.1 percent, taking the number to 5,860 employees.
Job growth in the money changers hit 10.8 percent to 1,534 jobs in 2015 from 1,384 in 2014. In addition, financing companies and microfinance institutions registered a job growth of 8.3 percent to reach 783 jobs for the same period.
