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Oman: Banking Sector Resilience

Author

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  • Mr. Ananthakrishnan Prasad
  • Pierluigi Bologna

Abstract

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.

Suggested Citation

  • Mr. Ananthakrishnan Prasad & Pierluigi Bologna, 2010. "Oman: Banking Sector Resilience," IMF Working Papers 2010/061, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2010/061
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    Cited by:

    1. Kandil Magda Elsayed & Markovski Minko, 2019. "UAE Banks’ Performance and the Oil Price Shock: Evidence across Conventional and Islamic Banks," Review of Middle East Economics and Finance, De Gruyter, vol. 15(3), pages 1-23, December.
    2. Padamja Khandelwal & Mr. Ken Miyajima & Mr. Andre O Santos, 2016. "The Impact of Oil Prices on the Banking System in the GCC," IMF Working Papers 2016/161, International Monetary Fund.

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