Bahrain-Iran Future Bank to open in Oman

MUSCAT - Oman has given its approval to Bahraini-Iranian Future Bank to open a branch in the sultanate, a central bank official said.

By (Reuters)

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Published: Fri 24 Dec 2004, 12:57 PM

Last updated: Thu 2 Apr 2015, 11:49 AM

“The Central Bank’s board approved in principle for Future Bank to incorporate the local operations of Bank Melli Iran and Bank Saderat Iran and open a branch,” Hamood Al-Ambouri, head of banking affairs at the Central Bank of Oman, told Reuters.

Future Bank was formed earlier this year by Iran’s state-owned banking system and Bahrain-based Ahli United Bank with an initial paid up capital of $99 million.

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