CBO Allows New Activities for Finance and Leasing Companies
- Date: 07-Jun-2023
- Source: OERLive
- Sector:Financial Services
- Country:Oman
CBO Allows New Activities for Finance and Leasing Companies
The Central Bank of Oman (CBO) has issued instructions, permitting licensed Finance and Leasing Companies (FLCs) to carry out additional business activities, including relaxing of certain conditions for existing activities. The scope of lending by FLCs has been expanded to include real estate financing, working capital facilities, personal loans, and lending against their own deposits. […]
The post CBO Allows New Activities for Finance and Leasing Companies appeared first on OERLive.
The Central Bank of Oman (CBO) has issued instructions, permitting licensed Finance and Leasing Companies (FLCs) to carry out additional business activities, including relaxing of certain conditions for existing activities. The scope of lending by FLCs has been expanded to include real estate financing, working capital facilities, personal loans, and lending against their own deposits. […]
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