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Oman Banking & Financial Services Q1 2019

Oman Banking & Financial Services Q1 2019

Key View:

Like the rest of the economy, Oman's financial services sector is dealing with the impact of low oil prices, weighing onthe industry's short-term growth and development prospects. The banking industry and stock market in particular are expected tosuffer the most, although credit growth has improved in the past year, with total lending forecasted to grow by 5.5% in 2018.Nonetheless, efforts to diversify and upgrade the country's financial infrastructure should reap longer-term benefits, with strongpotential for growth particularly in the relatively undeveloped insurance and Islamic finance markets, especially that healthinsurance has become mandatory this year. The banking sector dominates the industry now, and will do so over the forecast period,with the strength of large local groups - alongside the government's 'Omanisation' programme - likely to remain a barrier to entry forforeign players. The asset management sector and insurance markets are relatively small and underdeveloped, while the stockmarket is far from realising its potential.

Key View
Banking Snapshot
Forecast Scenario
Forecast Tables
Banking Competitive Landscape
Banking Regulatory Environment
Insurance Snapshot
Insurance Competitive Landscape
Insurance Regulatory Environment
Asset Management
Asset Management Snapshot
Asset Management Competitive Landscape
Asset Management Regulatory Environment
Stock Exchanges
Stock Exchanges Snapshot
Stock Exchanges Competitive Landscape
Stock Exchanges Regulatory Environment
Macroeconomic Forecasts
GDP Growth To Accelerate On Higher Hydrocarbon Production
Macroeconomic Forecasts
Oman Demographic Outlook
Banking & Financial Services Methodology

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