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FINANCIAL NEWS
Oman’s personal loans grow by 9pct
13 Dec 2016
(MENAFN) Oman’s conventional banks have achieved an increase of 9 percent in personal loans or consumer loan portfolios, which reached OMR7.805.11mn.
Furthermore, the growth in personal loan was attributed to the tendency of more customers taking loan to produce extra funds to meet their high-value purchases.
In addition, the average local currency lending rate by the end of Sep 2016 reached 5.030 percent, against 4.762 percent in Dec-end 2015.
Accordingly, there is no move to increase interest rate ceiling of personal loan of commercial banks in Oman, despite a general growth in interest rates in the fiscal system.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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