Complex Made Simple

Omani lenders ink loan guarantee deals to help SMEs

Oman Development Bank (ODB) has signed loan guarantee agreements with five banks operating in the sultanate, in line with its efforts to make bank facilitations available for entrepreneurs and small and medium enterprises (SMEs), Muscat Daily has reported. The agreements encourage the commercial banks to support SMEs with high levels of risk, as also Omani entrepreneurs who have no sufficient guarantees to apply for loans.