Sunday, February 05, 2012
Jobs          Feedback          Complaints          Sitemap          Links          ContactUs
   
   

Recent News:  

>> All customers holding accounts with FutureBank will receive free SMS Alerts for any financial transactions affecting their account(s), Please visit your branch to apply for this service.         >> The Central Bank of Bahrain announced the adoption of IBAN (International Bank Account Number) by end of January 2012.    Banks will be able to process remittances efficiently and promptly through processing the IBAN of the recipient and will allow the bank customers to make or receive their payments much faster.     
 
   
NEWS
Release Date: 17th March 2010

 
Futurebank to pay BD 13.1 Million in Dividend
 
Bahrain-based Futurebank has announced that at the recent held Annual General meeting Futurebank shareholders unanimously approved a dividend to the extent of BD13.1 million on its existing capital. The bank has also announced an increase of 32.6% in the Authorized Share Capital and a 32.6% increase in the Paid-Up Share Capital.

The shareholders concurrently met for an Extraordinary General Meeting and unanimously approved Futurebank’s share capital increase. The bank’s Authorized Share Capital was increased by BD24.60million (from an earlier BD75.40 million to BD100 million). Also, the bank’s Paid-Up Share Capital was increased from BD56.55 million to BD75.0 million, an increase of BD18.45 million, in the form of rights issue to be brought in equal proportion to their respective holdings, by its shareholders.
 



 


Futurebank’s unique position in the Bahraini banking scene has the bank well poised to capitalize on the current market environment,” said Dr. Valiollah Seif, CEO of Futurebank. “This share capital increase is in line with the bank’s strategic vision to focus on sustained growth within this Middle Eastern region.”

“The decision to increase Futurebank’s market share is tactical and will aid in the bank’s growth,” said Dr. Seif. “Confident of Futurebank’s continued excellent performance, our shareholders are willing to increase the capital base as and when required. They are wholeheartedly ready to support the bank in its future endeavours,” he concluded.
 
More News
 
       NEWS
   
  15th Sep 2011
 
All customers holding FutureBank accounts will receive free SMS Alerts for any financial transaction affecting their account(s).

Read More...

 
  12th May 2011
 
The Central Bank of Bahrain announced the adoption of IBAN (International Bank Account No.) by end of January 2012.

Read More...

 
  02nd Oct 2010
  Futurebank welcomes new Cheif Executive Officer
Read More...

 
   
 
 
Copyright © Futurebank, Bahrain. 2009 All rights reserved.