Middle East Economic Survey
BankMuscat And National Bank Of Oman To Merge Operations
Omans largest bank, BankMuscat and its second largest, National Bank of Oman (NBO), have announced they intend to merge their operations effective as of 1 January 2005, subject to regulatory approvals. The banks board of directors have given the green light to the merger and plan to put it to their respective shareholders for final approval. So far, the two...