Oman: Banking Sector Resilience

Ananthakrishnan Prasad and Pierluigi Bologna

No 2010/061, IMF Working Papers from International Monetary Fund

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.

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 (search for similar items in EconPapers)
Pages: 32
Date: 2010-03-01
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=23699 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2010/061

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().