"Oman Commercial Banking Report Q3 2010" is now available at Fast Market Research

July 30, 2010 - PRLog -- Dubai World News Lightens The  Mood  This year will be a better for Oman's  small banking sector than 2009, with  lending regaining pace and the real  economy picking up again.  Developments in the oil sector suggest  there are upside risks to our long-term  deposit growth forecasts.  Full-year 2009 data show a sluggish  performance by Omani banks in 2009,  despite the resilient overall economic  picture. Assets grew by just 2.9% year-on-year (against consumer price inflation of 0.9% over the same period). This was down sharply from a  peak of 43% growth in 2007 and 33% in 2008. In this category, consumer loans actually outperformed,  growing by 6.6% y-o-y, which puts Omani banks ahead of some of their regional counterparts. The  equivalent loan growth figure in Bahrain was -0.8%, while there was 2.4% growth in the UAE, as part of  overall asset growth of -5.9% and 4.3% respectively.  However, bond portfolio assets achieved by far the greatest rise in the Omani banking sector. Even  stripping out the base effects of December 2008, for which data shows a sudden dip that may be a error  by the central bank, bond assets rose by 46% y-o-y in 2009, illustrating the preference for 'safe haven'  assets. The real decline is in 'other assets', which typically refers to interbank loans. This was down by  28% y-o-y, suggesting a slowdown in activity generally as banks waited out the economic storm.  The banks' caution was understandable. Deposits were also falling sharply and oil prices and corporate  profits averaged a lot lower in 2009. The overall number of client deposits grew by just 6.0% y-o-y,  compared to 32.2% the previous year. The number of non-performing loans also increased. BankMuscat  achieved a net profit of OMR73.7mn in 2009, down from OMR93.7mn in 2008, with provisioning for  bad debt reaching OMR98.2mn during the year, up from OMR24.6mn in 2008. The second biggest  lender, National Bank of Oman, posted a drop in net profit to OMR26.1mn. The  bank attributed the result to 'an impairment loss against the investment portfolio of OMR4.1mn,  provisions against our lending portfolio of OMR15.5mn and provisions of OMR8.0mn against specific  interbank exposures as previously advised to the market'.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/74743_oman_commercial_banking_...

Report Table of Contents:

Executive Summary
- Table: Levels (OMRbn)
- Table: Levels (US$bn)
- Table: Levels At March 2010
- Table: Annual Growth Rate Projections 2010-2014 (%)
- Table: Ranking Out Of 59 Countries Reviewed In 2010
- Table: Projected Levels (OMRbn)
- Table: Projected Levels (US$bn)
SWOT Analysis
- Oman Commercial Banking SWOT
- Oman Political SWOT Industry SWOT
- Oman Economic SWOT
- Oman Business Environment SWOT
Business Environment Outlook
- Commercial Banking Business Environment Ratings
- Table: Oman Commercial Banking Business Environment Rating
- Commercial Banking Business Environment Rating Methodology
- Table: Middle East & Africa Commercial Banking Business Environment Ratings
Global Commercial Banking Outlook
Middle East Banking Sector Outlook
- Table: GCC Commercial Banks Profits, Q109-Q110 (US$mn)
- Table: Comparison Of Loan/Deposit, Loan/Asset & Loan/GDP Ratios
- Table: Anticipated Developments In 2010
- Table: Comparison Of Total Assets, Client Loans & Client Deposits (US$bn)
- Table: Comparison Of US$ Per Capita Deposits (Late 2009)
- Table: Interbank Rates & Bond Yields
Islamic Banking Sector Outlook
Oman Banking Sector Outlook
Economic Outlook
- Table: Oman Economic Activity, 2007-2014
Competitive Landscape
- Market Structure
- Protagonists
- Table: Protagonists In Oman's Commercial Banking Sector
- Definition of the Commercial Banking Universe
- List of Banks
- Table: Commercial Banks In Oman
Company Profiles
- Bank Dhofar
- Table: Stock Market Indicators
- Table: Balance Sheet (OMRmn, unless stated)
- Table: Balance Sheet (US$mn, unless stated)
- Table: Key Ratios (%)
- BankMuscat
- Table: Stock Market Indicators
- Table: Balance Sheet (OMRmn, unless stated)
- Balance Sheet (US$mn, unless stated)
- Table: Key Ratios (%)
- National Bank of Oman
- Table: Stock Market Indicators
- Table: Balance Sheet (OMRmn, unless stated)
- Table: Balance Sheet (US$mn, unless stated)
- Table: Key Ratios (%)
- Oman Arab Bank
- Oman International Bank
- Table: Stock Market Indicators
- Table: Balance Sheet (OMRmn, unless stated)
- Table: Balance Sheet (US$mn, unless stated)
- Table: Key Ratios (%)
- Bank Sohar
- Stock Market Indicators
- Table: Balance Sheet (OMRmn, unless stated)
- Table: Balance Sheet (US$mn, unless stated)
- Table: Key Ratios (%)
BMI Banking Sector Methodology
- Commercial Bank Business Environment Rating
- Table: Commercial Banking Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.