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Omani banks allowed to consider one per cent of non-funded credit for SME funding
Omani commercial banks can consider their non-funded credit to the extent of 1 per cent as part of the compulsory 5 per cent minimum credit for small and medium enterprises. Non-funded credit is extended by commercial banks to small units by way of letters of credit for imports or guarantees…
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Click here to read the full story: Times Of Oman