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Bahrain, credit cards up 17.6%
- Bahrain: Sunday, April 16 - 2006 at 16:19
A survey conducted by the Bahrain Monetary Agency has found that credit card usage in Bahrain continues to increase, with a growth in users of 17.6% recorded in 2005. The survey, conducted by the BMA's Financial Stability Directorate, shows that the number of people owning credit cards in 2005 rose to 157,550, representing 21.7% of Bahrain's population. Total outstanding debt rose 15.9% to $216m in 2005.
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Peter J. CooperSunday, April 16 - 2006 at 16:19 UAE local time (GMT+4)
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