Finance & Capital Market

Oman Development Bank to reschedule loans

Oman Development Bank (ODB) has started receiving applications for the rescheduling of loans sanctioned to projects via ODB’s branches in the governorates, said the bank.
The ODB reaffirmed that it would positively consider all the applications, including ones for loans re-payed through monthly transfers, said a Oman News Agency report.
The ODB also stressed it would offer operational loans to all categories of projects, particularly small and medium enterprises (SMEs) and micro-projects whose operations are hit by the current coronavirus pandemic, to enable the small businesses to survive and realise their objectives.