Two Omani Banks Merge
Two Omani government-owned banks, the Oman Development Bank (ODB)and the Oman Bank for Agriculture and Fisheries, have merged to form the Omani Bank forDevelopment (OBD). Omani officials said that the move is aimed at encouraging other bankmergers, strengthening the capital base of the combined institutions and increasingcompetitiveness within the banking sector. OBD will take over the assets and liabilitiesof the two banks and will, for...
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