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Futurebank $65m Iran loans
- Iran: Thursday, May 11 - 2006 at 09:55
Bahrain-based Futurebank has signed off on loans worth $65m to two of Iran's largest public companies, reported the Bahrain Tribune. The bank is lending $30m to Ghadir Investment Company, the largest listed entity on the Tehran stock exchange, and $35m for Bank Melli Iran Investment Company. Futurebank is a joint venture between Bahrain's Ali United Bank and Iran's two largest banks, Sedarat and Melli.
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James McInerney, News EditorThursday, May 11 - 2006 at 09:55 UAE local time (GMT+4)
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