DUBAI, Nov 16 (Reuters) - HSBC Bank Oman and local rival Sohar International Bank have entered into a binding merger agreement, the two lenders said on Wednesday.

DUBAI, United Arab Emirates — HSBC Holdings PLC said Wednesday it will combine its Omani division with local lender Oman International Bank in a deal that will give it control of just over half ...

Oman has temporarily halted a merger between HSBC's operations in the Gulf Arab state and Oman International Bank due to a lawsuit against the British lender, a source familiar with the matter ...

HSBC Bank Oman, a unit of HSBC Holdings plc HSBC, has agreed to hold preliminary talks with Sohar International Bank after the latter showed interest in merging with HSBC. Last week, Sohar ...

The signage of the bank's 88 branches in the sultanate's various governorates will now be HSBC's signature red hexagon logo. In just 112 days, employees of HSBC and OIB have managed to meet many ...

HSBC will hold 51 per cent of the group, to be named HSBC Bank Oman. OIB is Oman’s fifth-largest bank, with the second-largest branch network in the country and gross assets of $3.2bn.

International bank HSBC says its Omani unit has already attracted a “significant” amount of business since its merger with Oman International Bank (OIB) less than a year ago. More than 60 branches ...

Muscat - The year 2012 was filled with momentous occasions for HSBC as the bank's operations in Oman, represented by HSBC Middle East Ltd, joined forces with Oman International Bank to become a major ...

DUBAI, Nov 16 (Reuters) - HSBC Bank Oman and local rival Sohar International Bank have entered into a binding merger agreement, the two lenders said on Wednesday. All assets and liabilities of ...

HSBC Holdings PLC said Wednesday it will combine its Omani division with local lender Oman International Bank in a deal that will give it control of just over half of the new company.London-based ...

OIB is Oman’s fifth-largest bank, with the second-largest branch network in the country and gross assets of US$3.2bn. The merger was slated to close in the second quarter and HSBC was planning to ...

HSBC Holdings PLC said Wednesday it will combine its Omani division with local lender Oman International Bank in a deal that will give it control of just over half of the new company.London-based ...