Oman Housing Bank submits 709 loans worth RO 31.2 mn

by | Nov 4, 2020 | 0 comments

MUSCAT – Oman Housing Bank (OHB) revealed that the total number of loans supported by the government approved during the first nine months of 2020 reached 709, with a value of more than OMR 31,265 mn.

 Adnan bin Haider bin Darwish, CEO of Oman Housing Bank (OHB) assured that the bank continues to play its pioneering role in developing the housing sector in Oman. He also noted that the bank’s management is focusing on enhancing efforts at the current stage to reduce the borrower’s waiting period for his/her role. Moreover, the bank is also working on accelerating the pace of housing loans offered for its customers, who wish to own the right housing with the best banking and administrative service fees currently available in the local market. This contributes to the achievement of the government’s vision led by His Majesty Sultan Haitham bin Tariq  – May God protect him  – which revolve around providing adequate housing for Omani citizens.

In a breakdown of the loans approved during the first nine months of the year 2020 according to the banking and administrative services fee on the loan; the bank indicated that the total loans with 1 percent reached 58 loans worth  OMR 2.118mn, while the loans category with a banking and administrative services fees of 2 percent received the largest percentage of the total number of loans approved  reached to 487 loans worth OMR 21.156mn. Whereas the total loans  with 3% banking and administrative services fee reached 125 total number of loans worth  OMR5,968mn, and total loans with 4 percent banking and administrative fees reached 39 loans with a total value exceeding OMR 2.022 mn.

As for the breakdown of loans approved during the first nine months of the year 2020 according to the (9) branches, the bank explained that the head office (MCT) branch approved total number of 145 loans worth OMR 6,728 mn, while Salalah branch approved 21 loans worth 967,000 OMR, and Sohar branch approved 85 Loans worth OMR 3,562 mn, where as Sur branch approved 56 loans worth OMR 2,623 mn, and Nizwa branch approved 99 loans worth more than OMR 4,331 mn. While Khasab branch approved 28 loans worth 1,404mn OMR, and Al Buraimi branch approved 43 loans worth OMR 1,917 mn. Whereas Al Rustaq branch approved 189 loans worth more than OMR 7.896 mn, and finally Ibra branch approved 43 loans worth a total of more than OMR 1,835 mn.

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