Bank Dhofar, in talks with Bank Sohar on a possible merger, said on Sunday that it communicated the terms for a deal to its smaller rival after completing due diligence. Bank Dhofar, the sultanate's second-largest lender by assets, said in a bourse statement that the financial and legal due diligence was concluded on 23 April. The terms of the merger were not disclosed. Bank Sohar, Oman's fifth-largest lender, is considering the terms offered which may be subject to further discussion and negotiation, the statement said. The merger would create the country's second-largest bank with a market capitalisation of USD1.81 billion and assets of USD13.69 billion, Thomson Reuters data shows. (Reuters)