VOL. XXXVIIINO. 105-DECEMBER-1994
Financial and Banking News
Banking Regulation
Oman Central Bank Limits Consumer Lending By Local Banks
The Central Bank of Oman has issued a new circular restricting the amount ofconsumer lending by local banks to 25% of their total private sector credits.The circular was issued on 12 November. Banks whose consumer loan portfolioscurrently exceed this new limit have three years from 1 January 1995 toeliminate the excess. In such cases, one third of the excess...
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