Moody’s says outlook for Oman’s lenders remain stable

February 22, 2014 1:16 am

Moody’s Investors Service has said the outlook for the banking sector of Oman remains stable, as it has been since 2007, Times of Oman has reported. This reflects the rating agency’s expectations of stable macroeconomic conditions that will support low levels of non-performing loans (NPLs) and healthy levels of capitalisation and earnings, Moody’s said. Lender in the sultanate will maintain sound capital buffers over the next 12-18 months, as internal capital generation will largely match asset growth of 10-12%, it said. The country’s banking system will remain primarily deposit-funded and liquid over the outlook period, Moody’s added.