NO. 45


Financial and Banking News

Bank Results

Omani Bank Profitability Remains Low but Banks Remain Sound

Most of the locally-incorporated Omani banks increased their profits during1991, but profitability, as measured by returns on equity and assets, remainslow. Several banks are still having to assign a major proportion of theiroperating profits to provisions. Nevertheless, there are no real problem banks,and the system as a whole is closely and efficiently regulated by...