ODB to consolidate economic growth in line with Vision 2040 strategic goals

Energy Tuesday 21/July/2020 21:09 PM
By: Times News Service
ODB to consolidate economic growth in line with Vision 2040 strategic goals

Muscat: The new board of directors of Oman Development Bank (ODB) on Tuesday held its first meeting under the chairmanship of Dr. Saleh bin Said Masan, ODB Board Chairman.
At the outset of the meeting, the executive administration of the bank gave a full presentation of the ODB strategy, its model of work and its lending portfolio.
Then, Dr. Saleh Masan gave a speech in which he reaffirmed the bank’s resolve to realise its strategic goals of augmenting ODB’s contribution to the national economy by endorsing efficient developmental financing aimed to support a wide range of projects.
“The bank values its partnership with customers to whom it offers all possible instruments of support, working diligently to ensure financial sustainability, expanded lending, diversified products and all-round services, including the introduction of modern techniques,” said Dr. Saleh Masan.
He explained that Oman Vision 2040 — with its strategic goals, economic indicators, governance principles and performance assessment measures — constitutes the right grounds on which the ODB relies for the accomplishment of its goals.
The bank works for consolidating its partnership will all public and private establishments to serve its goals and enhance its role in promoting the national economy, he reaffirmed.
Meanwhile, Dr. Abdulaziz bin Mohammed Al Hina’ee, Chief Executive Officer of ODB, said that the bank aspires to achieve its strategic goals as defined by Oman Vision 2040.
Al Hina’ee pointed out that ODB board, with its team of specialists and experts, is properly positioned to foster financing services, both to small and medium enterprises and to major projects, notably the establishments figuring in the “promising and added-value economic sectors” that have been specified by the government.