NO. 45


Financial and Banking News

Regional Funding

Omani Banks Stronger After Mergers, Now Face Challenge Of Private BankingSector

The Omani banking system is nearing the end of a period of consolidationduring which weaker banks have been taken over or merged and the total number oflocally-incorporated banks reduced from ten to seven. As a result, the Sultanatecan now claim a well-focused banking system devoid of "problem banks".This turnaround has taken place during the...