FAWZIYA Examining Key Success Factors for Effective Risk Management Affecting Bank Muscat’s Financial Performance: Case of Oman. Risk Management Affecting Bank Muscat’s Financial Performance:

Main Article Content




Risk Management is considered as one of the major bank’s financial performance case of Oman. In recent years, the administration and financial corruptions has been shown to affect the financial performance of banks. Therefore, it provides rapid analysis to identify and examine those key factors and come up with better framework for more effective risk management of bank’s financial performance. As project topic shown, the aim of the study is to determine key success factors and the influence of risk management to banks financial performance. However, risk management has adverse effects.


The project provides literature review from scholarly sources for examining the positive impact of risk management.  The project carries primary and secondary data to obtain the information of research.  The finding of the project indicates to be more effective in banks financial performance. In addition, risk management should ensure the banks financial performance and controlling with success in business through financial planning and control. Finally, contribution of the project could be using as reference source. Many researchers are taken the benefit of the project especially in banks case of Oman.

Keywords:      Key Success Factors, Risk Management, Bank Financial Performance, Effective    

Article Details

How to Cite
AL-JABRI, F. (2021). FAWZIYA Examining Key Success Factors for Effective Risk Management Affecting Bank Muscat’s Financial Performance: Case of Oman.: Risk Management Affecting Bank Muscat’s Financial Performance:. Advances in Social Sciences Research Journal, 8(6), 469–480. https://doi.org/10.14738/assrj.86.10390


Ahmed, I. and Manab, N.A., 2016. Influence of enterprise risk management success factors on firm financial and non-financial Performance: A Proposed Model. International Journal of Economics and Financial Issues, 6(3).

Amin, M.A.M., Sanusi, N.A., Kusairi, S. and Abdallah, Z.M., 2014. Inverse relationship of financial risk and performance in commercial banks in Tanzania. Investment management and financial innovations, (11, Iss. 4 (contin.)), pp.279-291.

Arias, J.C. and Stern, R., 2011. Review of risk management methods. Business Intelligence Journal, 4(1), pp.51-57.

Ariffin, N. M. and Kassim, S. H. 2011 “Risk management practices and financial performance of Islamic banks: Malaysian evidence,” in, pp. 19–21.

Aven, T. (2016) “Risk assessment and risk management: Review of recent advances on their foundation,” European journal of operational research, 253(1), pp. 1–13.

Before you continue to YouTube (no date b) Youtube.com. Youtube. Available at: https://www.youtube.com/watch?v=zhlMYAkWKH8(Accessed: May 7, 2021).

Berg, H.P., 2010. Risk management: procedures, methods and experiences. Reliability: Theory & Applications, 5(2 (17)).

Ennouri, W., 2013. Risks management: new literature review. Polish journal of management studies, 8, pp.288-297.

Faustman, E.M. and Omenn, G.S., 2008. Risk assessment. Casarett and Doull’s toxicology: The basic science of poisons, pp.107-128.

Khameneh, A.H., Taheri, A. and Ershadi, M., 2016. Offering a framework for evaluating the performance of project risk management system. Procedia-Social and Behavioral Sciences, 226(226), pp.82-90.

Kikwasi, G.J., 2018. Critical Success Factors for Effective Risk Management. In Risk Management Treatise for Engineering Practitioners. IntechOpen.

Na Ranong, P. and Phuenngam, W., 2009. Critical success factors for effective risk management procedures in financial industries: A study from the perspectives of the financial institutions in Thailand.

Pastor, J.T., Lovell, C.K. and Tulkens, H., 2006. Evaluating the financial performance of bank branches. Annals of Operations Research, 145(1), pp.321-337.

Sathyamoorthi, C.R., Mapharing, M., Mphoeng, M. and Dzimiri, M., 2020. Impact of Financial Risk Management Practices on Financial Performance: Evidence from Commercial Banks in Botswana. Applied Finance and Accounting, 6(1), pp.25-39.

Serwadda, I., 2018. Impact of credit risk management systems on the financial performance of commercial banks in Uganda. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 66(6), pp.1627-1635.

Shahbaz, M. S. et al. (2018) “A novel metric of measuring performance for supply chain risk management: drawbacks and qualities of good performance,” Journal of Fundamental and Applied Sciences, 10(3S), pp. 967–988.

Stoneburner, G., Goguen, A. and Feringa, A., 2002. Risk management guide for information technology systems. Nist special publication, 800(30), pp.800-30.

Wanderley, M., Menezes Jr, J., Gusmao, C. and Lima, F., 2015. Proposal of risk management metrics for multiple project software development. Procedia Computer Science, 64, pp.1001-1009.

Yaraghi, N. and Langhe, R.G., 2011. Critical success factors for risk management systems. Journal of Risk Research, 14(5), pp.551-581.

Zhongming, A., Samuel, F. and Guoping, D. (2019) “Impact of financial risk indicators on banks’ financial performance in Ghana,” Business and Economic Research, 9(14).