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Loan demand soars after free cuts in Oman
- Oman: Monday, September 03 - 2012 at 12:11
Oman Housing Bank (OHB) has reported a high demand for loans from citizens in all governorates after the bank received royal directions to slash administrative and banking fees by 75%, Muscat Daily has reported. The bank said loan applications that meet terms and requirements submitted between August 23-30 reached 79, of which 27 were in Muscat worth OR1,222,000 ($3.2m).
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