HSBC completes merger of Omani unit

The merger of HSBC's Omani operations with Oman International Bank (OIB) has been approved, giving the global banking giant a majority interest.

The merger of HSBC's Omani operations with Oman International Bank (OIB) has been approved, giving the global banking giant a majority interest.

HSBC Bank Middle East first announced its intention to combine with OIB, Oman's fifth-largest bank, on April 18th in an attempt to expand its presence in a "key Gulf economy".

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