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HSBC merges Oman unit with local lenderHSBC is to merge its business in Oman with Oman International Bank and hold a majority stake in the enlarged operation, Europe's biggest bank said on Wednesday. HSBC will hold 51 per cent of the group, to be More… |
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Oman bank in merger talks with HSBCOman International Bank (OIB) is in the early stages of talks on a merger with British bank HSBC Holdings' operations in Oman, said its chairman. 'OIB is in early stages of negotiations about a merger of its business with HSBC More… |
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HSBC, Oman International Bank in merger talksBritish bank HSBC Holdings and Oman International Bank are in discussions for a potential merger of HSBC'S Oman operations with the Gulf lender, OIB said on Thursday, without giving any further details of how a deal could work. "Thes More… |
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Bank Dhofar told to pay $68m in OIB lawsuitOman's Bank Dhofar has been ordered to pay 26.1 million rials ($67.8 million) into an enforcement court's account in a lawsuit filed by rival Oman International Bank (OIB), Bank Dhofar said on Monday. The lawsuit related to a dispute betwe More… |
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OIB’s foreign currency ratings upgradedThe long term foreign currency ratings of the Oman’s leading bank, Oman International Bank (OIB) were recently upgraded by Capital Intelligence (CI). Capital Intelligence is the leading credit rating agency in the world’s emerging markets More… |
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Oman International Bank net falls 36pc in Q2Second-quarter net profit at Oman International Bank, the sultanate's fourth-largest bank by market value, fell 36 per cent, missing analysts expectations. The bank made a second-quarter net profit of RO3.5 million ($9.09 million), Reu More… |
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Oman International Bank Q1 profit falls 11pcOman International Bank, the sultanate's fourth-largest bank by market value, on Sunday said its first-quarter net profit fell 11.2 percent, hurt by higher loan loss provisions. The bank reported a first-quarter net prof More… |
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Oman International Bank profit down 28pcOman International Bank, the sultanate's fourth-largest bank by market capitalisation, posted fourth quarter net profit of 5.95 million Omani rials ($15.5 million) on Thursday, down 28 percent from the year-ago period. Three analysts had f More… |
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Oman International Bank profit down 27pcOman International Bank has posted a nine-month net profit of RO15.6 million ($40.5 million), down 27 per cent from the same period last year. Oman International said previously it made RO11.83 million in the first half of 2009, which base More… |
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CI affirms Oman International Bank ratingsCapital Intelligence (CI), the international credit rating agency, has affirmed Oman International Bank’s (OIB) foreign currency ratings at BBB long-term and A3 short-term, and the financial strength rating at BBB. The ratings reflect the More… |
