Oman Central Bank Circular No. BM916/2001
Foreign Currency Borrowings by Licensed Banks Incorporated in the Sultanate of Oman
To: All Licensed Banks incorporated in the Sultanate of Oman
Subject: Foreign Currency Borrowings by Licensed Banks Incorporated in the Sultanate of Oman
After Compliments,
Attention of all Licensed Banks incorporated in the Sultanate of Oman is invited to the intimations of the Central Bank, separately to each bank, on the captioned subject specifying the limits of such borrowings under three time bands as shown below
Borrowing by Tenure | Definition | Limit | |
1 | Short term | Borrowing with a time to maturity of up to two years from a given date | Up to 100% of net worth. |
2 | Medium term* | Borrowing with a time to maturity of two to five years from a given date | Up to 200% of net worth. This limit should include the limit specified for (1) above |
3 | Long term* | Borrowing with a time to maturity of over five years from a given date | Up to 300% of net worth. This limit should include the limits specified for (1) and (2) above. |