By: Times News Service
Muscat: The Executive President of the Central Bank of Oman (CBO) confirmed that the priority to postpone loan repayment is for those who have been laid off from their work.
Taher bin Salem Al Omari, Executive President of CBO, confirmed in the Layil Muscat programme (Oman TV) that the priority to postpone loan repayment is for those who have been laid off from work and the postponement will be for a year without any interest.
Stressing that the issue of those laid-off is one that concerns many institutions in Oman, not just the CBO. Adding that there is also a priority for those whose wages and bonuses have been reduced and working for government agencies and retirees as well, where the age group for repayment has been extended to seventy years.