Central Bank Announces Foreign Exposure Limits

News: The Omani central bank has revised its rules on banks' credit exposure to non-residents and funds placed abroad. Under the new guidelines, aggregate funded credit exposure for non-resident borrowers, excluding banks, will be capped at 20% of the bank's local net worth. The limit for non-resident borrowers that are banks is set at 30%. The change follows the creation of a financial stability committee to monitor banking and capital markets.

This article is tagged to:
Related sectors of this article: Business Environment, Banking/Finance
Geography: Oman

Enter your details to read the full article

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.