AUB confirms CBB plans to shut down Future Bank

Mubasher: Ahli United Bank (AUB) confirmed on Wednesday reports about plans by the Central Bank of Bahrain (CBB) to submit a petition to the competent court for the compulsory liquidation of Future Bank, according to a bourse filing.

Future Bank is a joint venture between Iran's Bank Saderat, Bank Melli Iran, and Bahrain's Ahli United Bank (33.3%).

Mubasher Contribution Time: 28-Dec-2016 08:17 (GMT)
Mubasher Last Update Time: 28-Dec-2016 08:17 (GMT)