(MENAFN) Qatari lenders Barwa Bank and International Bank of Qatar were revealed by sources to be in advanced discussions to merge.
It comes after the failure of talks for a three-way merger with another bank a week ago, as the three sources said to Reuters.
One of the sources unveiled that the planned merger between the banks might be declared as early as next week.
The two banks, as their financial reports indicate, stood at USD22.45 billion in their total assets by the end of 2017.
MENAFN2106201800450000ID1097047174
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.