Bank Dhofar-NBO tie up could create lender with $20bln asset base | ZAWYA MENA Edition:
A merger between Bank Dhofar and the National Bank of Oman offers the chance for one larger lender to combine with a more efficient one, bringing benefits to both, according to analysts.
The two banks announced in joint statements on Monday afternoon that their boards had met on Sunday and had resolved to begin talks "to explore the possibility of a merger between the two entities".
"If the two banks merge, then the combined entity will be the second-largest bank of Oman, with a total asset base of 7.68 billion Oman rials (~$20 billions), compared to the largest bank, Bank Muscat, which has total assets worth 11.54 billion rials, as at H1 2018," Hettish Karmani, head of research at Muscat-based U-Capital said in an emailed statement to Zawya.
No comments:
Post a Comment