Barwa bank is pictured in Doha, Qatar, June 11, 2017. REUTERS/Naseem Zeitoon
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Barwa Bank QSC and International Bank of Qatar QSC may announce plans to merge as early as this week, according to people with knowledge of the matter.Combining Barwa and IBQ would partially salvage a proposed three-way merger with Masraf Al-Rayan QSC that was abandoned in June after 18 months of talks. The consolidation would have created the country's largest Shariah-compliant bank and the Middle East's third-biggest Islamic lender with more than 178 billion riyals ($49 billion) of assets.
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