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Oman Central Bank raises capital adequacy ratio

Posted on 29 March 2010

From Gulf-times.com: Omani Central Bank Governor Hamoud Al Zadjali said the bank raised the capital adequacy ratio to 12 per cent from 10 per cent effective year-end as a pre-emptive measure to protect lenders.

“It will make them aware that they need to expand their capital if they’d like to expand their balance sheet,” Al Zadjali said yesterday in a phone interview. Omani banks already have a capital adequacy ratio of above 14 per cent, he said……………………………….Full Article: Source

 
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