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Bank Sohar SWOT & PESTLE Analysis

Last Updated : 15 May, 2017

OVERVIEW

Name of the Company: Bank Sohar SAOG

Business Sector: Banking and Financial Services

Operating Geography: Middle East

About the Company: Bank Sohar SAOG is the fourth largest bank and one of key players in the banking and financial services sector in Oman. Established in 2007, it is headquartered in Muscat, Oman and has staff strength of more than 700 employees as of 2016.

Revenue: RO 66.56 million (FY ending 31st Dec 2016)

SWOT & PESTLE Analysis

The SWOT analysis for Bank Sohar is presented below:
Strengths
Weaknesses
1. Leadership position in the local Omani banking sector
2. Consistent profitability and returns to shareholders with stock and cash dividends
1. Relatively large exposure to the weakening and vulnerable real estate sector in Oman
Opportunities
Threats
1. Growing government focus on non-oil sectors and SME’s offers new growth opportunities
2. Islamic banking to be a key growth and focus area in the coming years
1. Further downside in oil prices would strain the economic growth in Oman and GCC, impacting banking sector
2. Political uncertainty and terrorists threats in Middle East could drive away investments
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Bank Sohar SWOT analysis has been conducted by senior analysts from Barakaat Consulting.

References

1. Bank Sohar Annual Report 2015-16: http://www.banksohar.net/Portals/0/AnnualReport/Annual-Report-2015-en.pdf

2. Banks' Large Real-Estate Exposure A Concern: CBO: http://www.muscatdaily.com/Archive/Business/Banks-large-real-estate-exposure-a-concern-CBO-4r9w#ixzz4dDfKBGSX

3. Oman seen adopting more hawkish monetary policy in 2017: http://www.arabianbusiness.com/oman-seen-adopting-more-hawkish-monetary-policy-in-2017-656969.html

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The PESTLE analysis for Bank Sohar is presented below:
Political
Economical
1. Bank Sohar operating is a low risk climate with Oman being one of the most politically stable nations in the Middle East.1. Slowdown in GDP due to challenging oil prices to impact spending
2. Downgrade in sovereign credit ratings for Oman by Standard & Poor due to sharp drop in oil prices will impact interest rates
Social
Technological
1. Customers’ acceptance of digital technologies and wallet payment solutions will help Bank Sohar diversify its revenue streams1. Implementation and upgrades of banking solutions by Bank Sohar will result in improved service delivery and better customer experience.
2. Dedicated Information Technology and Alternate Channels Division formed by the bank to strengthen technological infrastructure
Legal
Environmental
1. Proactive regulations implemented by the central bank (CBO) to improve bank resiliency in low oil price economy1. Proactive involvement of Bank Sohar in supporting various road safety and environment awareness campaigns across Oman
Get Your Free Copy of the SWOT & PESTLE
Analysis Report
Get origional SWOT & PESTLE.com report delivered straight to your email inbox for free.
Our insightful and holistic reports have helped corporate,academia and researchers to take their research forword. Like us on Facebook to stay updated with the latest published SWOT & PESTLE Report.

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Bank Sohar PESTLE analysis has been conducted by senior analysts from Barakaat Consulting.

References

1. Bank Sohar Annual Report 2015-16: http://www.banksohar.net/Portals/0/AnnualReport/Annual-Report-2015-en.pdf

2. Banks' Large Real-Estate Exposure A Concern: CBO: http://www.muscatdaily.com/Archive/Business/Banks-large-real-estate-exposure-a-concern-CBO-4r9w#ixzz4dDfKBGSX

3. Oman seen adopting more hawkish monetary policy in 2017: http://www.arabianbusiness.com/oman-seen-adopting-more-hawkish-monetary-policy-in-2017-656969.html

Download Analysis Report




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