7 Jun 12
The merger of HSBC Oman and Oman International Bank (OIB) to form HSBC Bank Oman has been officially approved and began its operations on Monday this week.
The merger of HSBC Oman and Oman International Bank (OIB) to form HSBC Bank Oman has been officially approved and began its operations on Monday this week.
According to Oman-based newspaper, the Muscat Daily, the current HSBC Oman chief executive Ewan Stirling has been appointed CEO of the combined entity which is now purportedly the second largest player in the sultanate’s banking sector.
As reported in April, HSBC has the majority share in the new entity owning 51% of its shares.
Tags: HSBC
