Sohar International Bank SAOG - Company Profile
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Sohar International Bank SAOG (Sohar International) is a financial institution that provides a wide range of retail banking, wholesale banking, and Islamic banking services. Strong capital adequacy, cost efficiency, non-interest income, and a well-diversified product and service portfolio are its major strengths; even as geographic concentration remains an area for concern. However, the emergence of fintech, new contracts and agreements, and short-term economic outlook of Oman could provide ample growth opportunities for Sohar International. However, the emergence of neo banks, competition, and risks related to online identity theft and hacking could pose various challenges to the bank.
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