Topic > The financial services sector - 1287

IntroductionThose organizations that deal with money management fall under the financial services sector. They deal in many different ways through institutions such as banks, insurance companies, debit cards, credit cards and tools like these that give customers the power to purchase. In Oman the financial services sector is controlled by the Central Bank of Oman. This is the main institution for regulating monetary issues in the country. The financial services sector in Oman has grown by leaps and bounds over the years. With the emergence of various companies in Oman, especially foreign banks, this sector has been able to cater to the needs of the common man. Those who have the power to invest, those who want to start a new business or purchase any type of asset have all benefited from these types of institutions. Banks provide very flexible loans to customers; they also provide many other facilities that will help them to get the necessary good they intended to purchase from the market. Overall, the financial services sector is growing strongly and shows signs of significant improvement in the years to come. The Financial Services Sector in Oman Oman is a country where development is given a lot of importance. Over the years, there have been very big changes in the country's economy and the way industries have grown in the country. All this was triggered by the advent of a strong financial services sector in the country. Banks have played a very important role in shaping the country by providing a variety of different services to customers. Customers are now able to get financing from banks depending on their choice of work, the nature of the thing they wish to acquire or… middle of paper… customers. People now have the freedom to invest in the needs of their choice. The goods they purchase remain with them and they can sell them or do anything they choose with them. All in all, the financial services sector in Oman is showing a high growth rate and will definitely increase growth further. years to come. Compliance with the latest rules and regulations in Oman has helped the services to further improve 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.htmhttp://en.wikipedia.org/wiki/Financial_serviceshttp://www.deloitte.com/assets/Dcom-Guam/Local% 20Financial%20Resources/Documents/Services/Elements%20for%20of%20growth%20of%20success%20in%20services%20financials.pdf