FINANCIAL NEWS

Oman Development Bank posts 4pct increase in number of loans

07 Aug 2017

(MENAFN) Oman Development Bank has achieved a 4 percent increase in the number of loans amid the Jan-June period of this year at 2.949, against 2.835 loans for 2016.

Furthermore, the whole loan amount amid the period was OMR29.73mn, compared with OMR26.42mn for the same period of 2016.

Meanwhile, the bank also plays a major role in helping SMEs in the Sultanate by offering interest-free loans for promoting professional and craftsmanship.

In addition, it is also committed to the government’s approach that aims to fund development projects all over the country.

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