Suppose due to the current economic recession caused by the combined effects of coronavirus pandemic and low oil price, a bank in Oman is facing some financial difficulties as disclosed in its monthly financial statement of May 2020. The Central Bank of Oman, as part of its mandate under the Banking Law, is currently examining the financial affairs of the above bank. The bank has the total paid-up capital of RO50 million. The Central Bank found the following information in the financial statement of the above bank. The bank has deposits from customers worth RO20 million. As part of its investment strategy, the bank purchased both shares and bonds from stock exchanges in Oman and outside Oman. The bank bought shares of Omani companies for RO10 million. Unfortunately, the price of these shares are now down due to the economic conditions. The most affected shares are from a company in oil industry. This company has RO20 million worth of shares in the market and the bank bought RO2 million of these shares. In addition, the bank bought Omani bonds worth RO8 million and foreign bonds worth RO2 million. The bank made loans to its customers for about RO25 million. The largest amount of loan it has made to a customer (again, an oil company in Oman) is RO8 million. The company already paid RO2 million of this debt through monthly installments. However, due to low oil price, the company failed to pay its agreed monthly installment to the bank for the last month (due date was May 31, 2020). The good thing for the bank is that this loan is secured by certain property of the oil company. The approximate market value of that property now is RO5 million. Please discuss the problems you see in the financial statement of the bank with reference from Banking Law of Oman. For the purpose of this case, assume the net worth (value) of the bank is the banks paid-up capital (i.e., RO50 million).