IMF Working Papers

Oman: Banking Sector Resilience

By Ananthakrishnan Prasad, Pierluigi Bologna

March 1, 2010

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Ananthakrishnan Prasad, and Pierluigi Bologna. Oman: Banking Sector Resilience, (USA: International Monetary Fund, 2010) accessed September 20, 2024
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

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

Publication Details

  • Pages:

    32

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2010/061

  • Stock No:

    WPIEA2010061

  • ISBN:

    9781451982060

  • ISSN:

    1018-5941

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