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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Oman backs merger of HSBC unit with local lender

Posted on 26 March 2012

Oman’s central bank has approved the planned merger of HSBC Holdings’ operations in the tiny Gulf Arab state with local lender Oman International Bank, the central bank said on Sunday.
Both HSBC and OIB said in October last year they were in talks about merging their operations inOman, without providing details on the structure of the transaction………………………………………..Full Article: Source

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