Bahrain Islamic, Al Salam end $4.5bln merger talks
2/17/2012 10:00:46 AM
DUBAI: Bahrain Islamic Bank and Al Salam Bank said on Thursday that merger talks between both lenders to form a banking giant collapsed due to disagreement on pricing.
Both banks had said in July they initiated talks to form the Gulf Arab state's largest Islamic lender with assets of 1.7 billion dinars ($4.5 billion).
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