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...
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