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Oman: Banking Sector Resilience
Author:
Mr. Ananthakrishnan Prasad
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and
Pierluigi Bologna
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Series:
IMF Working Papers
Volume/Issue:
Volume 2010: Issue 061
Language:
English
Publication Date:
01 Mar 2010
DOI:
https://doi.org/10.5089/9781451982060.001
ISBN:
9781451982060
ISSN:
1018-5941
Pages:
32
Keywords:
WP; bank; banking system; banking sector; central bank; interest rate; Omani bank; Oman; Risks; Stress Test; Gulf Cooperation Council Countries; banking system assets; bank efficiency; risk-management practice; banks Risk; credit portfolio; banks capital; Commercial banks; Credit; Nonperforming loans; Bank soundness; Loans; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund