Home Industry Finance Oman banks get more flexibility in financing stock investments Oman’s central bank also said banking sector in the sultanate was “comfortably placed” by Bloomberg December 29, 2020 Oman’s central bank said it approved a recommendation that would provide more flexibility for banks in financing stock market investments. The regulator’s board reviewed the prospects and challenges facing the economy and approved a recommendation to amend some of the provisions in granting of loans against shares. “The amendment is expected to provide greater flexibility and enhanced opportunities to banks in financing investments in shares or against the security of shares,” according to a statement posted on its website. It didn’t provide further details. The regulator also said banking sector in Oman was “comfortably placed” to ensure its continued support to the economy. Tags Banks central bank finance Oman Regulations 0 Comments You might also like Mastercard, OPay partner to grow cashless ecosystem Houlihan Lokey raises around $200m for Shapoorji Pallonji for project in Downtown Dubai The world offers tributes to Sheikh Khalifa bin Zayed Al Nahyan Align Technology expands regional footprint into Oman