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....
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