Banking incentives offered by the Central Bank of Oman

Economic and investment incentives with a direct impact in the short term

Muscat: Banking incentives offered by the Central Bank of Oman

1, Continuation of postponement of the repayment of loans taken by Omanis who have been laid-off and those whose wages have been reduced-wage loans until the end of September of this year and till further notice

2, Instructing banks to continue responding to requests to postpone the installments and interest of all borrowers affected by the repercussions of the current situation for another six months until the end of September 2021, without prejudice to their credit rating

3, Continuing the incentive package related to granting credit. This includes raising the ceiling of the loan ratio, facilitating loans to affected and productive sectors, reducing reserve capital ratios and other measures aimed at helping banks, finance and leasing companies to play their roles in supporting economic recovery efforts in the Sultanate and improving the liquidity ratios in the local market.

4, Cooperating with banks, finance companies and financial leasing to reschedule loans to match the new cash flows of borrowers to enhance their capabilities to fulfill their contractual obligations towards financing institutions – in accordance with emerging economic developments, without imposing fees for rescheduling. said in the statement issued by Ministry of Economy.

Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.