Friday, March 29, 2024 | Ramadan 18, 1445 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

CBO takes measures to maintain liquidity

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MUSCAT: Tahir bin Salim al Amri, Executive President of the Central Bank of Oman (CBO), affirmed that the CBO has taken necessary measures to maintain domestic liquidity at comfortable rates to meet the needs of the private sector, especially SMEs. He added in a statement to Oxford Group that banks follow flexible lending policies with SMEs as the trend is to maintain a minimum of 5 per cent of the total loan portfolio to SEMs. He noted that CBO may change this percentage if the need arises to expand credit for non-oil sectors. On the other hand, he added that there has been some challenges in managing Islamic banking liquidity with relation to the investment tools as some tools were not relevant for listing.


He affirmed also that the turn-out for Islamic bonds (sukuk) issuance by the private and public sectors has been great and that the liquidity is managed on the short term by transactions among banks. “The CBO is currently studying advice on the possibility to launch new tools for liquidity management. The progress made in this issue till date is satisfactory, “ he concluded. — ONA


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