UPDATE 1-Bahrain central bank's net foreign assets rebound in June | Reuters

UPDATE 1-Bahrain central bank's net foreign assets rebound in June | Reuters:

Net foreign assets at Bahrain’s central bank, an indication of its ability to defend its currency against market pressure, rebounded in June, the central bank said on Thursday.

The assets rose to 820.6 million dinars ($2.18 billion) in June from 671.1 million dinars in May. However, net foreign assets at Bahraini retail banks fell in June, to minus 1.26 billion dinars from minus 1.20 billion, meaning their liabilities exceeded assets.

Foreign assets have been under pressure as Bahrain runs fiscal and current account deficits fuelled by low oil prices. In May, net foreign assets of the central bank and retail banks combined sank to a record low of minus 526.1 million dinars.