That Oman’s banking sector emerged from the global financial crisis relatively unscathed is hardly surprising. In the years leading up to the crash, the country's banks trod a careful path to sustainable growth, limiting their exposure to the kind of risk that undermined some of their Gulf Co-operation Council (GCC) counterparts.
Under the guidance of the country’s central bank, most lenders concentrated on the domestic market, a strategy that has generated a resilient and stable banking system. This approach has produced a notable, if unspectacular, upward trajectory for the country's banks. Today, Oman’s lenders have quietly emerged as one of the more impressive growth stories in the Middle East and north Africa (MENA) region.
