Barwa Bank, International Bank of Qatar discuss merger: sour...| MENAFN.COM

Thursday, 30 June 2022 01:50 GMT

Barwa Bank, International Bank of Qatar discuss merger: sources

(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.


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