Ahli Bank, part owned by Bahrain's Ahli Bank, said in a bourse filing its board will review the offer and will update the market with any material developments.
Should they proceed with a merger, a combination could create a bank with more than $19 billion in assets. Bank Dhofar has $11.2 billion in assets, while Ahli Bank in Oman has about $7.9 billion in assets, financial statements showed. Last year, HSBC Bank Oman and local rival Sohar International Bank entered into a binding merger agreement, which was awarded approval from the central bank in February. The merger is expected to complete in the second half of this year.
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Big bank earnings in spotlight following historic failures: 'Every income statement line item is in flux'.Results from JPMorgan Chase and other big banks could set the tone for the rest of the first-quarter earnings season. Jaime manipulator. I told you. bullish. Medias sold panic and fear while organizations that pay them for this are buying all. Manipulation with fear but bullish , We have QE+ unlimited money $. Blackrock,JPMorgan, goldman always manipulate with news.
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