VOL. XXXIX

No. 45

5-August-1996

OMAN

CBO Acts On Consumer Lending As Omani Banks Report Strong 1995 Results

Profits across the Omani commercial banking sector grew strongly (31%) in 1995 as lower domestic and international interest rates boosted net interest income and the banks benefited from the restructuring of the early 1990s, which led to the merger of three of the weaker banks with stronger partners. Only one of the seven commercial banks - Bank Dhofar al-Omani al-Fransi -...