By: Amr Adel
Manama-Mubasher: The Central Bank of Bahrain (CBB) noted that it is too early to issue a decision regarding raising interest rate if the US Federal Reserve increases interest rate this month, said CBB governor Rasheed Mohammed Al Maraj.
Bahrain is keeping the BHD-US dollar bond, and will not break it in the near or far future, the governor added on the sidelines of The World Islamic Banking Conference.
The issuance of Sukuk or new sovereign bonds is currently out of plans, noted the governor.
Al Maraj said that the CBB has note received new requests in the banking market in Bahrain after Bank of Khartoum entered the Bahraini market for the first time. He added that three foreign banks have been already authorized to operate in Bahrain in the past six months.
He noted that Q3 financial statements of Bahraini banks reported a good performance between 5% or 10%, expecting that the end of 2015 will not witness a big change.
