Thursday, September 16
08:23 PM

RO51mn loans granted in nine months: ODB

31 Oct 2020

Despite the negative impacts that the business sector witnessed locally and internationally as a result of the repercussions of the COVID-19 pandemic, the Oman Development Bank (ODB) maintained its financing performance, achieving total loans amounting to RO51,381,077 in the period from January to the end of September 2020.

The number of regular loans granted by the bank reached 2,543 with a total value of RO37,802,077, while the number of loans approved in the emergency loans programme reached 5,735, with a total amount of RO13,579,000.

The Governorate of Muscat had the largest share in terms of the value of regular loans granted with a total amount of RO10,860,186.

The Governorate of South Sharqiyah was second in terms of the number of loans – 729 loans in all – amounting to RO7,784,396, while the number of loans granted in Dhofar governorate was 248 with a total value of RO4,561,832.

As for the number of projects in the different sectors, the fisheries sector was second to the industry sector. The number of loans for fisheries projects reached 764 loans with a total value of RO5,327,406 which helped establish various fisheries projects.

During the same period from January to the end of September 2020, the bank continued its efforts to support educational projects by providing 58 educational loans with a total amount of RO4,531,840. 

The bank also provided 283 loans to projects operating in the professional and public services sector with a total value of RO3,018,207.

In the agricultural and livestock sector, which is one of the pillars of food security for the sultanate, the bank provided 334 loans that contributed to the establishment of many food and livestock projects with a total value of RO2,652,958. 

The bank also provided 17 loans for healthcare projects, which varied between hospitals, clinics and health complexes, with a total value of RO1,264,400.

© 2021 Apex Press and Publishing. All Rights Reserved.