NO. 46


Financial and Banking News

Regional Banking

Omani Banks Reap Rewards Of Restructuring

In 1994, the Omani banking sector enjoyed the benefits of the rationalizationimposed on it by the Central Bank of Oman in the early 1990s, when three of theweaker Omani banks were merged with stronger competitors to leave seven healthyand viable locally-incorporated entities. All seven of the banks producedrobust, and in some cases dramatic, increases in profits in 1994 as...