Merger of two Omani banks will form an entity with 25% share of loan market - The National

Merger of two Omani banks will form an entity with 25% share of loan market  - The National:

The merger of Bank Dhofar and National Bank of Oman will create a lender that will account for 25 per cent of the aggregate banking assets and the Oman’s loans market, according to a research report.

The merged entity, with $20 billion (Dh74bn) in combined assets, will be the second-largest financial institution in the country, behind Bank Muscat, EFH Hermes said in a report released on Monday.

Bank Muscat currently accounts for 36 per cent each of the banking assets and loans market in the country.