Free

The Promotional Role of Commercial Banks in Economic Development in Oman - Essay Example

Comments (1) Cite this document
Summary
This study will give out an insight on the manner in which the commercial banks in Oman promote the country’s economy. This research is also being carried out to provide some evidence of commercial banks contribution towards the economic development of Oman…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
The Promotional Role of Commercial Banks in Economic Development in Oman
Read TextPreview

Extract of sample "The Promotional Role of Commercial Banks in Economic Development in Oman"

Progress Report
Purpose
Commercial banks are extremely essential in a country because they not only boost the living standards of residence but also promote the development of the economy. This makes the commercial banks to be a crucial contributor towards the economy of a country. The government of Oman relies on the commercial banks to enhance the development of its economy. This study will give out an insight on the manner in which the commercial banks in Oman promote the country’s economy. The study will provide some evidences of commercial banks contribution towards the economic development of Oman. This study will help to seal gap in the prior research by establishing evidences that the economy of Oman depends on commercial banks to some degree. In this case, the prime purpose of this research is to give out a clear understanding on the promotional role of commercial banks the development of Oman’s economy.
Summary
There has been favorable progress made towards developing economic well being of the people word wide. However, there has not been a significant development realized in Oman in various fields. However, it has been realized that commercial banks can significantly boost the level of development in Oman. This can be realized through promoting its operations. This paper is set to explore the subject of promoting the role of commercial banks in economic development of Oman. In this case, the paper is set to achieve various research objectives among them are finding out the role of commercial banks in developing the economy of Oman, and identifying the functions of commercial banks in Oman. With a view to realize the objectives set above, the following research questions shall be of prime importance. First, what is the promotion role of commercial banks in developing Oman’s economy? Secondly, what are the advantages of commercial banks? Thirdly, what is the relationship between commercial banks and the development of Oman’s economy? Last but not least what is the contribution of Oman’s banks in the development of the economy?
Future Plans
In a follow up plan, a study shall be conducted and shall involve collecting of primary data. The collection of primary data will be done using a questionnaire. Both quantitative data and qualitative data will be collected from selected commercial banks. Questionnaires will be randomly administered to the chosen participants and will be carried out one by one. After this process data shall be analyzed through coding first and then later through triangulation of the coded data. Descriptive techniques such as tables, charts, percentages and charts will then be used to present the analyzed data. Secondary data will also be used in the analysis of the promotion role of commercial banks in economic development, and make a comparison with already conducted studies on the same topic. The final process shall involve discussing the findings. In this case obtained results will be compared with given theories in the literature. This will give the researcher an insight concerning the contribution of commercial banks to the Oman’s economy. Last but not least, recommendations shall about the study shall be made. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Promotional Role of Commercial Banks in Economic Development in Essay”, n.d.)
Retrieved from https://studentshare.org/business/1403517-the-promotional-role-of-commercial-banks-in
(The Promotional Role of Commercial Banks in Economic Development in Essay)
https://studentshare.org/business/1403517-the-promotional-role-of-commercial-banks-in.
“The Promotional Role of Commercial Banks in Economic Development in Essay”, n.d. https://studentshare.org/business/1403517-the-promotional-role-of-commercial-banks-in.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ve
verdiejaskolski added comment 3 months ago
Student rated this paper as
The topic of "The Promotional Role of Commercial Banks in Economic Development in Oman" was impossible to find. I spent countless hours to find it. Here at StudentShare, I got the best sample. Many thanks!

CHECK THESE SAMPLES OF The Promotional Role of Commercial Banks in Economic Development in Oman

The Commercial Banks in Singapore

...with the local financial institutions on a commercial basis 8) Retirement schemes and pension fund investment schemes (Monetary Athority of Singapore) a.2. Commercial banks are the backbone of any economy and they contribute to the economic development in the following ways: 1) Promoting capital formation in the economy 2) Promotion of trade and industry through loans and investments 3) Development of agriculture through Agri-financing 4) Transferring surplus capital from developed to less developed regions to allow for balanced development of the...
11 Pages(2750 words)Essay

Commercial banks in Saudi Arabia

...the financial system through lending practices. Commercial banks in Saudia have shown record financial performance during the last five years, along with impressive economic development. The challenge for banking industry is to launch inventive ways in its functions leading to better financial performance. The mergers as well as acquisitions within the banking sector have resulted in large universal banks with respect to total assets and product diversification (Rose, p. 23, 2001). To a certain extent, financial performance relies on their capacity to adjust and function resourcefully within the new environment. The...
16 Pages(4000 words)Dissertation

Integration Management (HSBC and Oman International Bank (OIB) Merge)

... and HSBC represented a significant opportunity to improve the bank’s financial position and liquidity. This merger between HSBC and OIB was only approved in June of 2012, making the merged entity now known as HSBC Bank Oman in the earliest development stages of the alliance. As such, there is limited published information about the merger and its recently experienced synergies. This report identifies the rationale for the merger, the expected economic and structural benefits of the alliance, and the potential impact of this strategic decision that is intended to provide the previous entity Oman International Bank with the financial and human capital resources to improve its competitive position in Oman and, potentially, abroad... referred...
16 Pages(4000 words)Essay

Banking - International expansion of commercial banks

...Banking - International Expansion of Commercial Banks Internationalization of commercial banks recently has been on the riseowing to mainly the global economic integration and reduced regulatory and cultural barriers as witnessed in the recent past. In the process of internationalization, players in the banking industry have resulted to integrating through cross-border mergers and acquisition in order to internationalize exposing themselves to macro-economic risks. The main forms of strategies employed by banks seeking international expansion include Joint venture, Cross-border...
3 Pages(750 words)Essay

Commercial Banks

.... There have been over $8 billion gross write downs that have been attributed to a $ 5 billion net of credit hedging and its income has been as a result of credit market exposures of the Barclays Banks Capital. The amount derived has been as a result of applying for the year -end valuations and establishment of market within the economy (Satchell, and Scow croft, 2003). Lloyd's profitability status This bank has been experiencing heavy losses due to the existence of challenging market and economic conditions that have been taking place within the economy. The commercial property exposure has contributed to the loss occurring within the organization since the management...
15 Pages(3750 words)Research Paper

Role of Central Banks

...Role of Central Banks In an economy with a central bank monopoly of currency issue, the central bank controls the monetary base through its ability to increase the quantity of currency in the economy. A principal objective of any central bank is to safeguard the value of the currency in terms of what it will purchase. Rising prices, or inflation, reduces the value of money. Monetary policy is directed to achieving this objective and providing a framework for non-inflationary economic growth. As in most other developed countries, monetary policy operates in the UK mainly through influencing the price of money, that is,...
11 Pages(2750 words)Essay

Role of commercial banks in causing the financial crisis

...of the European banking system effectively collapsed. In countries such as Germany, the bailing out of the major industries including the Hypo Real estate as well as European mega banks came to hit them hard as they are the big lenders. Other nations like Britain emulated what was happening and commendably made their banking systems to become national. By October 2008 many of the European countries including Canada had gone so far as to guarantee not only the deposits but as well the debts of the banks as well. The financial system in the world is the umbrella body that will be concerned with how all the institutions that deal with finances will work including the...
5 Pages(1250 words)Term Paper

Analysis on efficiency of Chinese commercial banks

...the background and foundation of the study(Dong, 2009). The researcher felt that for efficiency to be discussed in-depth, it may be necessary for historical antecedents and facilitators of the same to be analyzed in order to provide the reader with a wealth of information. 1.1 Background Information In the last 40 years, financial sectors across the globe have witnessed substantial developments(Dong, 2009). The change in the operating environment of banks has had significant implications for the business activities of banks as well as their economic role. Globalization, deregulation, technological progress and financial innovation to mention but a few...
13 Pages(3250 words)Research Proposal

The financial insecurities of commercial banks

...Introduction The article discusses the main issue as the financial insecurities of commercial banks, depending on their characteristics, and how they respond to such financial fears. The important question answered in this article is whether the implementation of prompt corrective action (PCA), managed to curb the FDIC losses on failed banks. The article focuses on comparing the FDIC losses over failed banks and the failures of commercial banks, over the periods 1985 to 2006, a period within which the bank characteristics fully developed, before each financial crisis. The author compares the FDIC losses...
7 Pages(1750 words)Essay

Islamic Banks and Commercial Banks Performance

...The operations of the conventional banks are entirely based on financial laws and the laws of the state, which guides the bank’s profitability and returns to the investors. The Islamic banks on the other hand depend on Islamic law that prohibits charging interests to guide their operations. The conventional banks are therefore more profitable and make more returns for their shareholders than the Islamic banks. Nevertheless, the Islamic banking concept is increasingly becoming a major part of the financial industry in many Islamic nations. References Muneeza, A., Wisham, I., & Hassan, R. (2010). The Paradox Struggle Between the...
7 Pages(1750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The Promotional Role of Commercial Banks in Economic Development in Oman for FREE!

Contact Us