VOL. XLIV

No 34

20-August-2001

OMAN

Omani Banks Report Further ProfitDownturns

The latest setof 1H results for Omani banks reveal that the countrys financial sector isstill facing the challenge of deteriorating asset quality, with higherprovisioning costs putting downward pressure on profits, although some analystsspeculate that the next round of financial results will trend upwards. Omanslargest bank in terms of assets (following its merger with Commercial Bank ofOman last year MEES, 15 May...