MUSCAT: Oman Development Bank (ODB) provided 4,639 loans last year with a growth rate of 7 per cent compared to 2013. The cost projects financed by ODB reached OMR42.33 million in different production.
Such projects contribute into supporting the governmental policies aiming to diversify the sources of income and achieving a self-sufficiency of national products that limit the imports and create job opportunities for the national cadres.
The value of loans provided by ODB constituted 60 per cent of the investment cost of the projects financed in all the governorates of the Sultanate as part of the efforts exerted by the bank to motivate investors promoting their investments in different economic sectors in line with the governmental plans aiming to encourage the private sector’s investment in the economic sectors.
ODB is leading development finance institution in the Sultanate that contributes into implementing a sustainable development plan according to sound financing criteria. The financing efforts exerted by the bank contribute into a high added value to the Omani economy.
