To: All Licensed Banks

Finance & Leasing Companies

Money Exchange Companies

Operating in the Sultanate of Oman

After compliments,

Re: Payment of Interest on Capital Deposits

1. Further to our Circular BM 1130 dated 2nd February 2015, the Central Bank of Oman has reviewed the matter and decided after considering the prevailing interest rates within the Sultanate that the rate of interest payable on Capital Deposits shall stands raised to 1.50% per annum from 1% per annum hitherto paid. The above revision takes effect from 1st January 2018.

2. All Licensed Banks, Finance and Leasing Companies and Money Exchange Companies are advised to note the above change and also that all other provisions/regulations/instructions in this regard shall continue to be in force.

Best Regards,

Tahir Salim Al Amri

Executive President