On the capital of Bahraini banks

The Bahrain's monetary establishment ( central bank) announced an increase in the united budget of the country's central banking system during the third quarter of 2004 in comparison with the same period of 2003.

A statistics bulletin issued by the establishment stressed an increase in the united capital of the foreign ( off shore) banks from USD 83.4 million in the third quarter of 2003 to $ 92.3 billion for the same period of 2004.

The bulletin indicated the increase in the common capital of the local trade banks from $ 12.2 billion to $ 13.5 billion in the said period.

But the united capital for investment banks witnessed only a slight increase as it increased from $ 5.3 billion to 5.7 billion for the same comparison area.

The increase of the budget for the Islamic banks was slight. It reached in the third quarter of 2004 to $ 4.7 billion in comparison with $ 4.2 billion in the third quarter of 2003.

On the other hand The Gulf "Durra" Real Estate company announced issuing three Islamic notes to contribute to financing a project at a cost of $ one billion in Bahrain.