Middle East Economic Survey

VOL. XLVII

No 41

11-October-2004

REGIONAL BANKING

BankMuscat/National Bank Of Oman Merger Clears First Regulatory Hurdle

The Central Bank of Oman (CBO) and Omans Capital Markets Authority (CMA) announced on 4 October that they had given an in principle approval to the merger of BankMuscat and National Bank of Oman (NBO). The two, which will continue to operate under the name of BankMuscat, now need approval from the Ministry of Commerce & Industry, the Government of...