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Commercial Bank does not support Omani lenders' potential merger

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Commercial Bank does not support Omani lenders' potential merger

Qatar's Commercial Bank (PSQC) said Dec. 20 that it does not support a tie-up between National Bank of Oman SAOG and Bank Dhofar SAOG.

The Qatari lender holds a 34.9% stake in National Bank of Oman but opposes the merger between the two Omani banks, which has been under discussion since July.