UAE's Bank of Sharjah and Invest Bank in merger talks- sources | ZAWYA MENA Edition:
"Bank of Sharjah and Invest Bank are in merger talks that could create an institution with about 50.6 billion dirhams ($13.8 billion) of assets, sources familiar with the matter told Reuters. In the latest latest sign of consolidation in the United Arab Emirates' crowded banking industry, the two lenders have held on-and-off discussions over a potential merger since last year, the sources said. One of the sources added that the tie-up between two of the UAE's smallest banks was being driven by authorities in the emirate of Sharjah, where the lenders are based. "
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