NO. 31


Financial and Banking News

Regional Banking

Restructuring Of Omani Banking System Moves Towards Completion

The merger between Oman Arab Bank and Omani European Bank, formally announcedat the beginning of April, is the third merger in the Omani banking systemduring the last year, and brings the restructuring of Oman's previously unwieldybanking system nearer to a conclusion. The major outstanding issue nowconcerns Bank Dhofar al-Omani, where some of the present...