Bahrain central bank puts bank, insurer into administration

April 30, 2015 5:29 PM

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MANAMA, April 30 (Reuters) - Bahrain's central bank said on Thursday it had placed Future Bank and Iran Insurance Co into administration, and would act as administrator for the two companies to protect the rights of depositors and policyholders.

In a brief statement, the central bank did not elaborate on why it took the action or give any information about the two companies.

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