What is the CBO doing to enhance liquidity management for the Islamic banking segment?
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Interviews & Viewpoints | Tahir Salim Al Amri, Executive President, Central Bank of Oman (CBO): Interview from The Report: Oman 2018
Articles & Analysis | Bank reforms boosting financial inclusion in Oman from The Report: Oman 2018
A May 2017 survey published by Oman’s National Centre for Statistics and Information found that 56% of Oman’s residents have accounts or deposits with banks operating in the sultanate, and this figure grows to 68% when only Omani citizens are counted. Omanis benefit from good access to financial infrastructure. The number of bank branches...
Interviews & Viewpoints | Abdulaziz Mohammed Al Balushi, Group CEO, Ominvest: Interview from The Report: Oman 2018
How have credit ratings affected the sultanate’s ability to finance its budget deficits?
Articles & Analysis | Omani banks to expand services from The Report: Oman 2018
Oman’s banking sector appears to have ridden out the recent oil price and economic downturn largely unscathed. While concerns over liquidity arose in the wake of the oil price slump given the government’s status as an important depositor, the situation improved in 2017 as the Omani state borrowed from abroad to avoid withdrawing funds or...
Interviews & Viewpoints | Khalid Al Kayed, CEO, Bank Nizwa: Interview from The Report: Oman 2018
How do banks in the sector differ from conventional institutions, and how are they being supported by the Central Bank of Oman (CBO)?
The Omani insurance market has witnessed robust growth in recent years, which has helped gradually boost penetration rates. As in many countries, compulsory motor insurance has long been the leading branch in the sector, but previously underdeveloped segments, including life and health, are now expanding rapidly; the former has seen significant gains as foreign insurers expand their presence,...