Banking

Muscat: Bank Muscat, the leading financial institution in the Sultanate, posted a net profit of OMR176.56 million for 2016 compared to OMR175.45 million...

Deutsche Bank AG agreed to pay $95 million to settle U.S. claims it used underfunded shell companies to evade taxes, the second time since 2010 that it...

Muscat: National Bank of Oman (NBO) on Thursday said that it had received a letter from Treasure Fleet International Pte Ltd proposing to acquire a stake in...

Muscat: There is no move to increase interest rate ceiling on personal loan of commercial banks in Oman, despite a general increase in interest rate in the...

Muscat: BankDhofar has received applications for a total of OMR42.76 million for its rights issue, against an issue size of OMR40 million. The allotment was...

Muscat: Oman’s central bank plans to float OMR150 million worth of government development bonds towards the end of the year for raising funds to repay a...

Muscat: Bank Dhofar said that its board has decided to discontinue its negotiations with Bank Sohar for the proposed merger. Both banks have been unable to...

Mumbai: India’s banking system is among those most vulnerable to profit declines as loan growth slows and soured debt rises, the International Monetary...

London: The Bank of England introduced its first plastic banknotes on Tuesday, with a new five pound entering circulation in England and Wales featuring...

Sydney: Australia’s largest lenders and 11 international banking peers are being sued by funds in a US lawsuit over alleged manipulation of the South...