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Author/Editor:
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Bologna, Pierluigi ; Prasad, Ananthakrishnan
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Publication Date:
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March 01, 2010
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Electronic Access:
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Free Full text
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
This note assesses the impact of the global financial risks on Oman's banking system and highlights the remaining risks. It concludes that the liquidity and prudential measures introduced by the authorities mitigated the adverse effects of the crisis on the banking system. Banks continue to make profits despite higher provisioning. Stress tests confirm the resilience of the banking system to credit and market risks. Banks have limited exposure to derivatives and the majority of the off-balance sheet exposures are conventional and relatively secure. Interest rate risks are within an acceptable range.
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Order a print copy
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Series:
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Working Paper No. 10/61
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Subject(s):
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Banking sector | Capital | Central bank policy | Corporate sector | Credit risk | Financial crisis | Financial risk | Financial systems | Global Financial Crisis 2008-2009 | Liquidity management | Oman | Profit margins
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Author's Keyword(s):
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Oman | Banking System | Risks | Stress Test | Gulf Cooperation Council Countries. |
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