The Financial Service Sector

1287 Words6 Pages
Introduction

Those organizations that deal in the management of money fall in the financial service sector. They deal in many different ways through institutions like banks, insurance company, debit cards, credit cards and tools like these that offer the customers power to buy. In Oman financial service sector is controlled by the Central Bank of Oman. This is the head institution for regulating the money matters in the country.

Financial service sector in Oman has grown leap and bounds over the years. With the emergence of various companies in Oman, especially foreign banks, this sector has done well to cater the needs of the common man. Those who have the power to invest, those who wants to start a new business or purchase any kind of an asset has all benefitted through these kinds of institutions.

Banks provide loans which are very flexible to the customers; they also provide many other facilities that will help them to get the needful asset that they intended to buy from the market. Overall, the financial service sector is on a high growth mode is showing signs of significant improvement over the years to come.

Financial service sector in Oman

Oman is a country where development is given very much importance. Over the years, there have been very vast changes in the economy of the country as well as how the industries have grown in the country. All this were triggered off by the advent of a strong financial service sector in the country.

Banks have played a very important part in giving the country its shape by providing a variety of different services to the customers. The customers are now able to take financing from the banks depending upon their choice of work, nature of the thing that they want to acquire o...

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...the customers. People have now the freedom to invest in the needs of their choice. The assets that they purchase remains with them and they are able to sell or do anything with them of their choice.

All in all, the Financial service sector in Oman is showing a high rate of growth and it is sure to go further up in the years to come. Compliances with the latest rules and regulations in Oman has helped the services to improve further and gain good momentum in the country.

References

http://www.investopedia.com/terms/i/investment-banking.asp

http://financialservices.about.com/od/ResourcesFA/a/Types-Of-Banks-And-Financial-Institutions.htm

http://en.wikipedia.org/wiki/Financial_services

http://www.deloitte.com/assets/Dcom-Guam/Local%20Assets/Documents/Financial%20Services/Elements%20for%20successful%20growth%20in%20financial%20services.pdf
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