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 News Article
With reference to the article issued in Times of Oman newspaper dated April 8 2013, HSBC Bank Oman S.A.O.G. ("HSBC Bank Oman") would like to refer back to our announcement issued on the 9th of May 2012 (under the former name Oman International Bank S.A.O.G. ("OIB")), where the Board of Directors of OIB approved the closure, sale or other disposition of all of the Bank’s branches and business in the Republic of India and the Islamic Republic of Pakistan on such terms as the Board of Directors may think fit. This decision - when made- will be subject to regulatory approvals in Oman, the Republic of India and the Islamic Republic of Pakistan respectively. HSBC Bank Oman will inform the market of any developments or updates in this regard.