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
Shmoop Editorial Team. "The Market Revolution Summary & Analysis." Shmoop University, Inc. Shmoop.com, 11 Nov. 2008. Web. 4 Nov. 2011. .
... to service our current needs. It is also important that they are committed to the ongoing investment in technology required to deliver the securities, cash and investment management support services we require. The Bank of New York is a well-established financial institution that has outlasted numerous financial hardships, including the Great Depression. It has a long history of providing excellent services to its customers. In the present day, The Bank of New York continues to live up to that reputation by offering its customers a variety of financial services. The future can only get better for the Bank of New York. With the technological era in full swing, the Bank of New York is taking full advantage by specializing in technological securities. In conclusion, The Bank if New York is a historical financial institution that played an important role in the economic growth of the United States. No other bank can say that it has done as much for the United States as has done the Bank of New York.
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Bank Alfalah has emerged as one of the leading commercial banks in the financial sector of Pakistan. Bank has made major giving ...
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Next, Islamic banking also are misinterpret as not profitable as it forbidden riba’ in its practices. Also, we need to aware the customers that Islamic banking not just an alternative for finacial approach, but it also provides better value to the customers.
The study is primarily designed to find out the continuous issue of the banking system in
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