Omani banks to benefit most from easing funding pressures in GCC, says Moody’s
Stabilising oil prices, large international sovereign debt issuances and lower credit growth will improve funding conditions for GCC banks over the next 12 months, according to Moody’s Investors Service. Omani and Qatari banks will benefit most from easing funding pressures, followed by Saudi and UAE banks, Moody’s said. ‘Omani banks will benefit most from the expected easing of liquidity, since they have been among the least resilient to a prolonged period of low oil prices’, the ratings agency said.
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