Future Bank
Future Bank B.S.C. (Arabic: بنك المستقبل) is a commercial bank that was based in Manama, Bahrain.[3] It started as a joint venture by Ahli United Bank and two Iranian state-owned banks, Bank Melli and Bank Saderat.[1]
| Industry | Financial services |
|---|---|
| Founded | 2004[1] |
| Total assets | $1.51 billion (2015)[2] |
| Owner |
|
| Website | futurebank |
Central Bank of Bahrain closed down the bank in 2016 after Bahrain cut diplomatic ties with Iran.[2] In 2017, Central Bank of the Islamic Republic of Iran licensed the bank to open a branch in Kish Island.[4]
References
- Mekhennet, Souad; Warrick, Joby (3 April 2018). "Billion-dollar sanctions-busting scheme aided Iran, documents show". Washington Post. Retrieved 8 August 2018.
- Arnold, Tom (26 January 2016). Smith, Alexander (ed.). "Bahrain moves to close Iran's Future Bank". Reuters. Retrieved 8 August 2018.
- "Future Bank B.S.C.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 8 August 2018.
- "5 Foreign Banks Licensed by Iran". Financial Tribune. 6 June 2017. Retrieved 8 August 2018.
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