Central Bank of Oman issues statement on loan repayment

Banks and finance and leasing companies to stop the repayments for one-year without any interest

  

Muscat: The Central Bank of Oman has directed banks, finance and leasing companies to continue granting loan repayment extensions for a period of 12 months for borrowers who have lost jobs, Oman News Agency (ONA) reported on Wednesday.

A statement issued online by ONA said that the Central Bank of Oman has directed banks and finance and leasing companies to stop the repayments for one-year without any interest from the start of layoffs and for future cases as well.

The decision also directed to postpone the installments of employees whose salaries have been reduced until the end of September 2021.

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