Oman's mid-sized banks face more pain as competition bites - Banking & Finance - ArabianBusiness.com

Oman's mid-sized banks face more pain as competition bites - Banking & Finance - ArabianBusiness.com:



"Oman’s mid-sized banking as financial institutions can expect more pain in the short term as they grapple with declining margins amid increased competition and more regulation, according to the latest Moody’s report.



However, the credit ratings agency said rising loan volumes should offset the strain on profits, Muscat Daily reported.



Moody’s said Oman’s mid-sized banks - Oman Arab Bank, BankDhofar, HSBC Bank Oman and National Bank of Oman - shared similar characteristics as a result of a tight regulatory framework in the sultanate that ensured that all banks remained domestically focused, targeting the same clients and asset classes."



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