Bahrain's banking sector is bouncing back from the downturn caused by the unrest a year ago and the global financial crisis of 2008. Retail banks saw growth of between 2.5 per cent and 3.5pc in the first three months of the year driven by consumer spending.
But while corporate business has remained flat some of the investment banks have also been showing positive numbers, according to Bahrain Association of Banks (BAB) chairman Abdulkarim Bucheery.
"Most of the retail banks have been showing growth while some investment banks like Arab Banking Corporation has posted 13pc growth and Gulf International Bank has achieved an impressive 23pc growth," he said at a meeting of the BAB yesterday.
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