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Omani banks face rising bad loans amid slow economic recovery
Omani banks’ intrinsic credit profiles face pressure throughout 2021 due to economic disruption caused by the pandemic and the government’s restrictive fiscal policy, Fitch Ratings says. We expect the sector’s Stage 3 loans ratio to increase by 100bp-150bp from 4.4% at end-2020 as borrower support measures expire and loan classification…
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Source: Omani banks