VOL. XLI

No. 42

19-October-1998

OMAN

1997 Banking Sector Results

Prudent CBO monitoring and supervision has led to consolidation withinthe Omani banking sector and more uniformity between banks in terms of size and structure,leading to a more competitive environment (see tables below). Omani banks have achievedstrong capitalization, with all banks adhering to the CBO ruling which requires a 12%capital adequacy ratio (MEES, 2 March). Omani banks have also benefited from asubstantial geographical...