FINANCIAL NEWS

Oman’s central bank to raise capital to OMR1bn

21 Mar 2017

(MENAFN) Central Bank of Oman has decided to raise capital to OMR1bn from OMR760mn with effect from April, 2017.

Meanwhile, the board also reviewed the actions taken by the Central Bank of Oman and licensed banks operating in the Sultanate with regard to the financing of SMEs.

Additionally, the board endorsed the audited accounts of the bank, Deposit Insurance Fund and Pension Scheme of Central Bank of Oman.

Moreover, it also reviewed the CBO’s financial position as at the end of Feb this year and the performance of CBO’s external investments amid the period.

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MENAFN2103201700450000ID1095331445

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