Omani banks are expected to report higher profits in 2013 and likely to grow more aggressively as they compete for market share, Fitch Ratings said in a report. In its 2013 outlook for GCC banks, the ratings agency said that the outlook for Omani banks remains stable this year.
“To date, Omani banks have achieved modest profitability due to a cautious growth strategy, but they are likely to grow more aggressively as they compete for market share now,” Fitch said………………………………………..Full Article: Source