Middle East Economic Survey

VOL. XLVII

No 43

25-October-2004

REGIONAL BANKING

Future Bank Launched In Bahrain

Future Bank, a joint venture between Bank Melli Iran (BMI), Bank Saderat Iran (BSI) and Bahrains Ahli United Bank (AUB) BSC, was launched in Bahrain last week. With an initial paid-up capital of $99mn and an authorized capital of $200mn, Future Bank has been licensed by the Bahrain Monetary Agency (BMA) as a full commercial banking unit with an offshore banking unit (OBU) branch in Bahrain....