Monday 5 March 2018

REFILE-Qatar central bank evaluating studies related to 3-way bank merger- newspaper

REFILE-Qatar central bank evaluating studies related to 3-way bank merger- newspaper:

"Qatar Central Bank is evaluating legal, financial and technical information related to a three-way bank merger that is expected to create the country’s second largest lender, a Qatari newspaper reported on Monday. Executives at Masraf Al Rayan, Barwa Bank IPO-BABK.QA and International Bank of Qatar had missed an end-2017 target date to complete the merger plans, which sources familiar with the matter had said enjoyed the support of shareholders. A shake-up has long been mooted in the Qatari banking sector given that 18 local and international commercial banks serve a population of 2.6 million."



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