According to CNBC Arabia, the joint entity has a total assets of more than 80 billion Qatari riyals, and it will be under the name of Barwa Bank.
A joint statement for the two banks clarified that the new entity will continue its work through the network of the existing branches of the two banks during the transitional period, provided that all operational activities are unified before the end of the current year. / p>
The official announcement of the merger comes after obtaining final approvals from the Qatar Central Bank and the relevant regulatory authorities, in addition to shareholders ’approval, and the signing of the agreement between the two banks. >
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