Bank Muscat says it has no plans to sell assets
- Oman: Sunday, May 09 - 2010 at 09:37
Bank Muscat has said it has no immediate plans to sell any of its foreign assets, Reuters has reported. Oman's largest lender by market value has said in a statement that it 'regularly explores strategic alternatives, however the bank refutes a news release issued by Reuters on May 6, 2010'. The report said the bank was considering selling off more foreign assets to reduce rising operational costs. A spokesman for the lender said the company considered all its foreign investments to be strategic.
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