Oman Commercial Banking Report Q3 2012 - New Market Report Now Available
BMI View: Oman's banking sector looks set to be a regional outperformer in 2012, driven by strong government spending and the introduction of Islamic finance. We are forecasting an expansion in the industry's aggregate balance sheet of 18.0% this year. That said, there is a risk that underlying profitability may suffer in the near term due to the government's recent decision to limit the maximum interest rate that can be charged on personal loans. Following a strong performance in 2011,...
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