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%

The Central Bank of Oman hereby announces the new issue of Government development bonds. The size of the new issue is fixed at RO 100 million with a maturity period of 4 years and will carry a coupon rate of 3.25% p.a. The issue will be open for subscription from 24th October to 4th November, 2010 while the auction will be held on Monday, November 8th 2010. The issue /settlement date will be on 11th November, 2010. Interest on the new bonds will be paid on 11th May & 11th November, every year

The Central Bank of Oman is responsible for maintaining the internal and external value of the national currency. It is also the single integrated regulator of Oman's financial services industry. It is committed to excellence in providing monetary and financial stability and fostering sound and progressive financial sector to achieve sustained economic growth for the benefit of the nation. The Central Bank of Oman hereby announces the new issue of Government development bonds. The size of the new

The banking sector is considered to be an important source of financing for most businesses. The common assumption, which underpins much of the financial performance research and discussion, is that increasing financial performance will lead to improved functions and activities of the organizations. The subject of financial performance and research into its measurement is well advanced within finance and management fields. It can be argued that there are three principal factors to improve financial

The Oman Housing Bank was established in 1996 to develop housing throughout the country of Oman. A strategic plan was formed for the period 1999-2010 and now a new ten-year strategic plan is being developed. This proposal will outline the financial review and development of the financial strategy including supporting action plans. The housing sector of Oman has enjoyed strong growth and has also weathered the recent financial turmoil across the world. The institution of housing for low income people