Moody's: Oman banks stay stable

Moody's Investors Service said that the outlook on Oman's banking system remains stable.

Moody's said the outlook reflects the country's benign operating environment, which is underpinned by high oil prices and increased government spending.

This favorable operating environment will continue to support Omani banks' lending growth and profitability and sustain their solid funding bases over the next 12-18-months.

The stable outlook also captures the banks' sound asset quality, strong revenue-generating capacity and solid capital buffers, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.