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Omani lenders ink loan guarantee deals to help SMEs

: Wednesday, July 09 - 2014 @ 00:43

Oman Development Bank (ODB) has signed loan guarantee agreements with five banks operating in the sultanate, in line with its efforts to make bank facilitations available for entrepreneurs and small and medium enterprises (SMEs), Muscat Daily has reported. The agreements encourage the commercial banks to support SMEs with high levels of risk, as also Omani entrepreneurs who have no sufficient guarantees to apply for loans.

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Wednesday, July 9- 2014 @ 0:43 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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