Al Khaliji, a Qatari lender, is continuing talks with International Bank of Qatar for a possible merger between the two lenders, Al Khaliji Chairman Sheikh Hamad bin Faisal Al Thani said.
“We continue to engage in merger discussions,’’ Sheikh Hamad said in an e-mailed statement on Tuesday. “A successful outcome will make us the fourth largest bank in Qatar in terms of total assets and the third in terms of share capital.”
The merger, which is expected to take place this year, will create the third-biggest bank in the Arabian Gulf country with a shareholders’ equity of $2.1bn, George Nasra, managing director of International Bank of Qatar, said at the ‘‘MEED Qatar Projects 2011’’ in Doha on Tuesday.
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