For the purpose of supporting the banking sector and financing leasing companies to overcome the prevailing economic conditions, Central Bank of Oman has decided to take the following measures from the issuing date:

• 1-To lower the Capital Conservation Buffers (CCB) by 50 percent from 2.5 percent to 1.25 percent

  2-To increase the Lending Ratio/ Financing Ratio by 5 percent from 87.5 percent to 92.5 percent and to utilize the additional scope provided for lending/financing to productive sector of the economy including healthcare services.

  3-To accept requests for deferment of loan instalments/ interest/ profit for affected borrowers particularly SMEs with immediate effect for the coming 6 months without adversely impacting the risk classification of such loans.

  4-Deferring the risk classification of loans pertaining to government projects for the period of 6 months. This, in reference to CB0 circulars that were issued earlier.

  5-To consider reducing existing fees related to various banking services and to abstain from introducing new ones during year 2020.