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Ratings agency says corporate loan deferrals are significant and, unless extended, will pose sizeable risks to asset quality when they expire in September
Oman banking sector
Latest in Oman banking sector
Central Bank of Oman
Oman banks get more flexibility in financing stock investments
Regulator says banking sector in Oman is “comfortably placed” to ensure its continued support to the economy
Bank Nizwa
Oman cement giant secures $50m Islamic financing for expansion
Bank Nizwa signs agreement for Shari’a-compliant financing facilities with Raysut Cement Company
Moody’s
Moody’s warns of ‘funding squeeze’ in Oman
Ratings agency says the risk of a slow and progressive erosion in government deposits is on the rise
Central Bank of Oman
Oman establishes credit rating agency
Oman’s credit rating agency will collect individual and company data related to loans, delays and defaults
Banking & Finance
Oman Central Bank signs deal to set up credit bureau
Creditinfo Group wins contract to develop, roll-out and manage a credit registry system in sultanate
Bahrain banking
Credit Suisse set to create new unit for Middle East push
Sources say Credit Suisse is breaking up its international wealth-management unit into seven regions including one for the Middle East
Banking & Finance
Omani banks seek merger to create $7bn giant
Oman Arab Bank says it is seeking a merger with Alizz Islamic Bank amid consolidation in Gulf banking sector
