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Omani banks face profitability pressures from slower economy: Moody’s
The three largest Omani banks — BankMuscat, Bank Dhofar and National Bank of Oman — are facing dual profitability pressures from slowing economic growth and the rapid penetration of Islamic finance, which is intensifying competition for financial products, said a report issued by Moody’s. According to the report, BankMuscat is…
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Click here to read the full story: Arab News