VOL. XXXVI

NO. 36

7-JUNE-1993

Financial and Banking News

REGIONAL BANKING

Bank Of Oman Changes Name

Dubai-based Bank of Oman has changed its name to Bank al-Mashreq with effectfrom the beginning of June. The move is aimed solely at removing any confusionas to the bank's provenance and does not involve any operational changes. Thebank is wholly owned by shareholders in the UAE.