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Summary: Bank Muscat S.A.O.G. Jan 02

  • ID: 1810060
  • January 2002
  • Standard & Poors

The public information ("pi") rating on Bank Muscat S.A.O.G. reflects the bank's leading domestic market position, which has been bolstered by domestic expansion via acquisitions, and adequate earnings and capital. The rating is constrained, however, by the high level of economic risk in Oman, some reliance on wholesale funding at the bank, and a relatively high-risk lending profile, due to lack of geographic diversification and single-party and sector lending concentrations. After merging with Commercial Bank of Oman (CBO) in 2000, Bank Muscat became the leading player in the domestic banking sector. The merger took place after the largest shareholder of Bank Muscat, the Diwan of the Royal Court (Diwan), representing the Sultanate of Oman, purchased a controlling 35% stake in...

Companies mentioned in this report are: BankMuscat S.A.O.G.
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors READ MORE >

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BankMuscat S.A.O.G.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


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