Oman's Bank Dhofar, in talks with Bank Sohar on a possible merger, said on Sunday that it communicated the terms for a deal to its smaller rival after completing due diligence.
Bank Dhofar, the sultanate's second-largest l
Oman's Bank Dhofar, the second-largest lender in the sultanate by assets, posted a 15.1 per cent rise in first-quarter net profit on Sunday.
The lender made a profit of RO13.56 million ($35.26 million) in the three months to M
Oman's Bank Dhofar, the second-largest lender in the sultanate by assets, posted a 32 per cent rise in fourth-quarter net profit on Thursday, according to Reuters calculations.
The lender made a profit of RO13.4 million ($34.8
Bank Dhofar, Oman's second-largest bank by assets, won shareholder approval for plans to raise its capital by as much as $300 million, including through the issuance of capital-boosting bonds, it said on Saturday.
The lender s
Oman's Bank Dhofar is working with National Bank of Abu Dhabi and Standard Chartered as it studies options for raising its reserves including selling a capital-boosting bond, banking sources told Reuters on Tuesday.
Oman's Bank Dhofar, the third-largest lender in the sultanate by assets, plans to boost its capital by issuing up to 115.5 million rials ($300 million) of Tier 1 capital instruments in 2015, it said on Thursday.
In addition, t
Bank Dhofar, the Omani lender planning to merge with smaller peer Bank Sohar, said on Sunday that its chief executive Anthony Mahoney had resigned for personal reasons.
Bank Dhofar has appointed Abdul Omar Al-O
Bank Dhofar, Oman's second-largest bank by market value, posted a 20.8 per cent drop in second-quarter net profit, according to Reuters calculations, missing the average forecast of analysts.
The lender made 8.36 million rials
Bank Dhofar, Oman's second-largest bank by market value, said on Tuesday it would begin talks with fellow lender Bank Sohar over a possible merger.
Any potential tie-up would be dependent on a similar desir