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MENAFN - Muscat Daily - 03/02/2013

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(MENAFN - Muscat Daily) Oman Development Bank (ODB) plans to provide technical support to small and medium enterprises (SMEs), by appointing consulting firms in the field of auditing, in all governorates of the sultanate.

ODB will look to help SMEs upgrade and develop transparency and management, deepen knowledge and skills of keeping account books and ledgers, analyse financial indicators and make final accounts. According to a press release, ODB continues to support SMEs, in line with the efforts to enhance self-employment and entrepreneurs.

ODB offers interest-free loans to entrepreneurs, whenever the loan required is less than RO5,000 and the investment costs are less than RO20,000. Oman Development Bank has issued directives to its branches in the various governorates to exempt small investors and self-employed persons from the condition of having a commercial registry, to be eligible for loans.


 






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