Future Bank

Sunday, February 05, 2012

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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: 16th Feb 2010
Futurebank posts Net-Profit of BD 8.2 Million for 2009

Bahrainbased Futurebank yesterday announced a net profit of BD8.2 million ($21.8m) for last year, compared to BD10.7m in the previous year. The bank also reported that net profit for the fourth quarter was BD900,000. "The bank's profit based on performance for the fourth quarter is actually a laudable BD2.4m," said chief executive officer and managing director Dr Valiollah Seif. "In line with our strategy to consistently maintain a strong balance sheet and safeguard our customer's deposits.
Futurebank decided to increase its collective impairment provision by BD1.5m in the fourth quarter. "The result of this prudent decision can be seen on our bottom line." Futurebank's total collective impairment provisions set aside by the bank stand at BD2.9m, which is in addition to the specific provision taken by the bank as per accounting standards. Thus during last year, total provision to the extent of BD2.4m was increased, out of which BD1.6m was pertaining to collective impairment. 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...