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Muscat Bank merges with Omani Industrial Bank

The Muscat Bank and the Omani Industrial Bank ... with a 1.84 billion Omani Rial ($4.78 billion) tot The Muscat Bank and the Omani Industrial Bank will merge to form a new entity as of March 2002, reported Al-Hayat. The new Muscat Bank ...

15/08/2010 - 14:48 - comment 0

The compatibility of real estate and Islamic banking: Omanis take advantage of new opportunities

banking in the Sultanate has opened up windows of opportunities for the banking sector in Oman, writes ... the operation of the Islamic banking in the Sultanate has opened up windows of opportunities for the banking sector in Oman, writes Philip Paul, Head of Agency for Cluttons Oman. The successful launch of Bank ...

05/09/2012 - 10:21 - comment 0

All Omani banks to instate Basel III norms

III' will be introduced for Omani banks by the Central Bank of Oman (CBO) next year. "A road ... of banks." Omani banks are also well prepared to meet other major challenges in terms of technology, reach ... industry in Oman is committed to commencement of Islamic banking in a very enthusiastic manner. Formal ...

23/04/2012 - 14:16 - comment 0

Strong foreign inflows key to economic diversification - Omani central bank

facing the Omani economy, according to the Central Bank of Oman (CBO) Annual Report 2012. “The ... percent in the previous year. Omanis in the private sector has been a key policy focus of the government. The number of Omanis employed in the private sector has been consistently higher since 2007 and the margin ...

23/06/2013 - 06:51 - comment 0

Omani banks and the funding of SMEs

and Industry, in cooperation with BankMuscat and Oman Arab Bank, in last October. Al Maawali said his ... covered 139 banks in 16 countries in the MENA region. Commercial banks should ... of companies and contributes around 20 percent of the GDP. However, if we see SME lending of banks ...

08/01/2012 - 20:01 - comment 0

Global: Omani banks- growing in tandem with the economy

The Omani banking industry has grown in tandem ... "urn:schemas-microsoft-com:office:smarttags" />Global Investment House – Kuwait – Oman Banking Sector – The Omani banking industry has ... in consumer lending. The growth of the Omani banking sector have attracted many foreign banks ...

15/08/2010 - 01:30 - comment 0

Omani bank concludes MoU with African development body

Bank Muscat, one of the largest financial institutions ... African Trade and Development Bank Bank Muscat, one of the largest financial ... and Southern African Trade and Development Bank—also known as the PTA Bank—the aim of which is to promote ...

15/08/2010 - 23:43 - comment 0

Omani banks enjoy good profitability and capitalization, says report

Industry Risk Analysis: Oman (Sultanate of)."   The Omani banking system is the smallest in the Gulf. Comprised of 17 banks, it had total assets of Omani rial (OMR) 6.1 billion ($15.9 billion ... and loans," said Standard & Poor's credit analyst Emmanuel Volland.   Omani banks enjoy good ...

15/08/2010 - 01:43 - comment 0

Moody's outlook for Omani banks remains stable

The fundamental credit outlook for the Omani banking ... for the Omani banking system is stable, primarily reflecting the relative remoteness from the global economy, ... Service in its new Banking System Outlook on Oman.   Moody's stable outlook for the Omani ...

14/08/2010 - 18:35 - comment 0

Omani Staff will Keep Jobs after Bank Merger

No Omani staff will be sacked as a result of the merger between BankMuscat and Commercial Bank of Oman ... will remain," Ali Essa, the CEO in the sultanate's commercial banking industry, was reported by the paper. ... No Omani staff will be sacked as a result ...

19/05/2010 - 10:59 - comment 0