Real estate boom boosts bank lending

A booming real estate sector and a surge in personal mortgages has boosted bank lending in Bahrain in the last year, according to the latest monthly data issued by the Central Bank of Bahrain (CBB).

A booming real estate sector and a surge in personal mortgages has boosted bank lending in Bahrain in the last year, according to the latest monthly data issued by the Central Bank of Bahrain (CBB).

Total lending to the non-bank sector reached US $8.4 billion (BD3.2 billion) at the end of March, a 17% increase on the previous year and a 6% increase since the beginning of this year.

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