Thursday, 14 June 2018

Talks over three-way Qatari bank merger collapse

Talks over three-way Qatari bank merger collapse:

"Talks to merge three Qatari banks have ended after they were unable to reach an agreement, the lenders said in a joint statement on Thursday.

Islamic lender Masraf Al Rayan and conventional lenders Barwa Bank and International Bank of Qatar (IBQ) have been in talks since December 2016 over a potential tie-up.

“The three banks could not reach an agreement to complete the transaction,” the lenders said in a bourse statement, without elaborating."



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