Oman: Banking Sector Resilience
March 1, 2010
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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.
Subject: Bank soundness, Banking, Capital adequacy requirements, Commercial banks, Credit, Financial institutions, Financial sector policy and analysis, Loans, Money, Nonperforming loans
Keywords: bank, bank efficiency, Bank soundness, banking sector, banking system, banking system assets, banks capital, banks Risk, central bank, Commercial banks, Credit, credit portfolio, Global, Gulf Cooperation Council Countries, interest rate, Loans, Nonperforming loans, Oman, Omani bank, risk-management practice, Risks, Stress Test, WP
Pages:
32
Volume:
2010
DOI:
Issue:
061
Series:
Working Paper No. 2010/061
Stock No:
WPIEA2010061
ISBN:
9781451982060
ISSN:
1018-5941
