Financial and Banking News

REGIONAL BANKING

Oman Reduces Maximum Capital/Assets Ratios 

The Central Bank of Oman (CBO) has announced measures to reduce the current 25:1 maximum ratio of assets to capital plus reserves to an effective maximum of 23:1 by the beginning of 1986. This is to be achieved in two steps, which involve the inclusion of part of the commercial banks' cash commitments under L/C and guarantee facilities in their calculation of assets. Starting l July 1984, for...