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HSBC shuts down four branches in Oman
- Oman: Monday, May 06 - 2013 at 05:11
HSBC Bank Oman has decided to shut down four of its branches in the sultanate to "optimise locations," Muscat Daily has reported. The bank has launched a comprehensive branch review, following its formation in June 2012, resulting in the segmentation of the network into three categories, flagship, mid-market and community, said chairman of HSBC Bank Oman, Simon Cooper. "The review was designed to ensure all branches are strategically placed to serve our customers and look for synergies between branches to optimise locations. As a result, we have decided to close down four branches [Ruwi, Qurm, Sohar and Thumrait Air Base] as they were all in close proximity to other HSBC Bank Oman branches," said Cooper.
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