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Investment in Bahrain’s small and medium enterprises grows by 75 per cent

Total size of the added finance portfolio grew by 44 per cent during the past nine months

Investments in the small and medium enterprises sector funded by the Bahrain Development Bank grew by 75 per cent and achieved a total value of BHD78.6 million during the past nine months of 2015.

This is compared with BHD45m during the same period in 2014, reports Bahrain-based Alwasat News.

Meanwhile, the total size of the added finance portfolio during the past nine months amounted to BHD62m to cover all funding programmes offered by the bank, compared with BHD43m during the same period last year, thus achieving a growth rate of 44 per cent.

Other economic indicators expected to achieve significant growth after running the funded projects, as these projects are forecasted to attract the value of BHD40.8m from foreign currencies, compared to BHD 15.7m for the same period last year, representing a growth of 160 per cent.

On the other hand, the added value index (profits of enterprises) is expected to achieve BHD 40m, compared to BHD24m, registering an average increase of 67 per cent.

(BHD1 = AED9.73, at the time of publishing)