Middle East Economic Survey
VOL. XLVII
No 27
05-July-2004
REGIONAL BANKING
BMA Licenses First Bahrain-Iran Joint Venture Bank
The Bahrain Monetary Agency (BMA) announced on 28 June that it had issued the first license for a joint venture involving two Iranian banks, Bank Melli Iran (BMI) and Bank Saderat Iran (BSI), and a leading Bahraini commercial bank, Ahli United Bank (AUB). The license was granted following BMAs approval of the merger of the Bahrain operations of the two Iranian banks. The new...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!