Oman Housing Bank

MUSCAT — Oman has announced a significant hike in housing loan limits for low income families and raised the salary ceiling for those eligible to apply for such financial assistance from the government, as the Sultanate yesterday joined other countries in marking world and Arab housing day. The increase in the upper limit for loans — from RO15,000 to RO20,000 — was made public in a statement issued here by the Ministry of Housing. The new ceiling on monthly salary for applicants is RO400, compared

By A Staff Reporter -MUSCAT — Darwish bin Ismail al Balushi (pictured), Secretary General, Ministry of Finance and the Board Chairman of Oman Housing Bank (OHB), has hailed the extension of the tenure of the bank by a further 20 years, asset out under the recently promulgated Royal Decree 36/2010. The step, he said, will furtheer reinforce the bank’s mission in ennabling Omanis secure subsidised housing loans. "His Majesty the Sultan’s sublime confidence reflected in extending OHB’s tenure confirms

Treasury Secretary Timothy Geithner addresses the Conferennce on the Future of Housingg Finance More than two years after the collapse of the housing market, are we any wiser? If we measuree what we learned from the real- estate bust by the level of agreement at yesterday’s Treasury Departmment Conference on the Future of Housing Finance, we haven’t learned much. “Some suggest that, as a government, we have provided too much support for housing, while others suggest we provided to little,”

We are moostly focusing on the State Hoousing Bank industry in the emerging world. There are many non governmennt housingbannks and many developed worldhousing banks.The best State Housing Banks include: Chile, India, Jordan,Thailand, and Mexico.Some key failures include: Argentina, Brazil, Camerooon, Indonesia , and Rwanda.Wehavemore than our share of disasters here in the US. "A vibrant housing finance mar ket is an important pilaar of econommic prosperrity. A strong institutional framework

The banking sector is an important factor in maintaining financial equilibrium and economic stability. The Omani banking sector, which comprises the Central Bank of Oman (CBO) and various commercial and specialised banks operating in the Sultanate, is stable, highly efficient and able to respond to regional and international

The National Bank of Oman (NBO) is the second-largest bank in the Sultanate of Oman. Founded in 1973, as of December 31, 2007 it has a net worth of RO (Omani Riyals) 220.5 million, with a paid up capital of RO 92 million (US $ 239 million). The bank runs 54 branches across Oman but has its headquarters based in Muscat, and runs 128 ATMs as well as 5 branches in Egypt and 1 in the United Arab Emirates. Ownership of the bank comprises a 34.9% share held by a leading private sector investor and 27%