VOL. XLIV

No. 27

2-July-2001

OMAN

Omani Banks Endure A Challenging Year 2000, But Solid Prospects Ahead

Regulatory pressures, a still shaky economic environment and general market uncertainty made the year 2000 a less than impressive one for Omani banks, with two of the largest of the countrys six commercial entities National Bank of Oman (NBO) and Oman International Bank (OIB) recording a downturn in profits of 22.7% and 6.1% respectively. Total profits for the six banks rose to $125.853mn...