Performance Analysis of Omans Banking Sector Using Select Financial Indicators
Published: 2018
Author(s) Name: Ramanadh Kasturi |
Author(s) Affiliation: Lecturer, Department of Business Studies, Salalah College of Technology, Salalah, Sultanate of Oman.
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Abstract
During the last decade, the banking sector of Oman has shown consistent growth despite the global financial crisis. The growth is likely to continue amid fluctuating oil prices and other threats affecting the global economy and the Middle East. Sultanate of Oman is a member of GCC in the Middle East, chiefly an oil-exporting country and expanding the non-oil sectors as an alternative to meet the economic growth and development. The financial system of the economy is pre-dominantly supported by banking sector, which holds more than 90% of total assets in the system featured with dominance of domestic private sector banks with a considerable stake of the government. This paper is intended to study the financial performance of banking sector of Oman during 2007-16 as a an initial study to understand the performance of the sector, and to identify and explore the possibilities for further research using selected measures of financial performance.
Keywords: Performance, Banking Sector, Oman, Select Indicators
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