Middle East Economic Survey

VOL. XLVII

No 42

18-October-2004

OMAN

RATINGS

Asset-Quality Problems Driving Bank Consolidation In Oman, Says S&P

The Omani banking system has been enjoying adequate profitability and capitalization for most of the past five years, but the financial profiles of the banks are not as robust as those of regional peers, Standard & Poors said in a report Bank Industry Risk Analysis: Oman published on 12 October. The key area of vulnerability of the system is asset...