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Oman Development Bank has been a long standing advocate for enhancing development of various sectors of the economy by providing finance to corporate, medium enterprises, small projects for the key sectors such as, Industrial, Agriculture, Fisheries and Livestock, Tourism, Educational, Health, Professionals, and ...
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Fixed deposits product from Oman Development Bank aims to encourage the habit of saving among individuals and institutions to secure their future and to participate in nation’s growth in Oman in various fields. The minimum deposit amount of RO 100 with competitive interest rates and free insurance coverage...
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Working Capital covers daily operational expenses of businesses such as purchase of raw materials, storage & spare parts (stock), salaries & wages, benefits,packaging legal fees, taxes, transportation expenses, etc. This maintains the production process's continuity from raw materials purchase to selling the manufactured product...
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Agricultural Seasonal Loans for farmers to cover their needs of seeds, fertilizers, tools etc and for financing cultivating expenses, depending on the cultivating and harvesting period as well as expected timing and amount of Sales realizations.This maintains the production process's continuity from raw materials purchase...
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ODB to provide technical support to SMEsMuscat- Oman Development Bank (ODB) plans to provide the required technical support to the small and medium enterprises (SMEs), through appointing of consulting firms in the field of auditing, in all governorates of the Sultanate. ODB's loan portfolio supports 20 thousand SMEsHamad bin Salim Al Harthy, Assistant General Manager of Oman Development Bank (ODB) – Branches, confirmed that ODB will work on crystallizing the decisions taken by the Symposium on the Development of Small and Medium Enterprises held recently in Seeh Al-Shamikhat at the Wilayat of Bahla. He said that this would be achieved through restructuring the bank so as to meet the existing approaches that aim to develop the Small and Medium Enterprises (SMEs) in the Sultanate, during the next period . -
ODB BOARD DECIDES TO REDUCE COLLATERAL REQUIREMENTResponding to the political appeal to consolidate the development mission of ODB, the Board of Directors of the bank has decided, in its last meeting to reduce the requirement level of collaterals requested for the bank’s loans ODB approved loans of more than RO 2 mThe Board of Directors at Oman Development Bank (ODB) approved offering sustainable developmental loans worth OR 2,045,000 to four projects in industry and tourism two sectors. The loans were approved at the meeting held by the Board of Directors and chaired by HE Ahmad bin Rashid al Mamary, Advisor in the Ministry of Finance, Chairman of the Board of Directors of ODB. To include wheat cropODB extends seasonal agricultural loans
The Board of Directors of Oman Development Bank (ODB) during its third meeting this year added financing wheat crop for seasonal agricultural loans in addition to crops such as peppers, cucumber, eggplant, watermelon, tomato, melon, potatoes and cabbage and crops.
The seasonal agricultural loans ODB provides to farmers are within the efforts to encourage farming seasonal crops in order to meet increase in demand. The maximum of any such loan is RO 50,00
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