Browse
related articles
Bank Muscat sees public spending to drive credit growth
- Oman: Monday, February 11 - 2013 at 05:05
Oman's largest lender, Bank Muscat has said its credit growth this year is expected to reach around 14-15%, driven by high government spending and higher wages for local citizens, Reuters has reported. "The opportunities identified by the bank include major infrastructure development projects and government focus on economic diversification and tourism development," said Bank Muscat's COO, Ahmed Al Abri. The bank reported 16.2% growth in lending in 2012, which helped boost annual net profit by 18.5% over the previous year.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
