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Bank Industry Risk Analysis: Oman Sep 02
Standard & Poors, Sep 2002
Abstract
The creditworthiness of the Omani banks is supported by the following strengths: Adequate capitalization and profitability; Consolidation of the banking sector; Improved regulatory supervision; and Strong track record of institutional support. Partly offsetting these strengths are the following constraints: Relatively weak funding profile by Gulf standards; Lending concentrations arising out of an undiversified economy; Concerns over banks' asset quality, Large proportion of consumer lending to the highly leveraged personal sector; Limited banking opportunities in the corporate private sector coupled with the small size of the banks; and The system's relatively weak track record of financial stability, as accidents were recurrent over the last decade. The Omani banking system is the smallest in the Gulf Cooperation Council (GCC). At year-end 2001,...
Companies mentioned in this report are: Gulf International Bank B.S.C.,Arab Banking Corp. B.S.C.,BankMuscat S.A.O.G.
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 underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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