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Welcome to the website of Oman Development Bank. The site is designed to provide you with information about the history of the bank, its services , products and latest news.  It also provides contact details of the bank branches located in the different regions of the Sultanate.

Since inception, the bank is working to promote economic and social development in the country by contributing effectively through financing of projects in vital economic sectors and in line with the efforts of the wise government of His Majesty Sultan Qaboos bin Said.

Oman Development Bank has evolved from a small bank to become a leading institution in financing of small and medium enterprises in the Sultanate and a key partner in the process of economic and social development of the country, and an effective contributor in providing job opportunities to a large number of citizens.

As result of the concerted efforts , Oman Development Bank has recorded many achievements and has made tremendous strides in development lending achievements, which reflected positively in economic growth of the Sultanate.

Welcome to our site!

The Executive Management

Our Vision

To be a leading Bank in financing development projects of Large, Medium & Small Enterprises by leveraging the professionalism of its employees and quality of its customer service.

Our Mission

To commit necessary long and short term financial resources that are required to support the development activities of Large, Medium & Small Enterprises in line with the Government goals to diversify the sources of national revenue.

Oman Development Bank (ODB) , the leading development financing institution in the Sultanate, has been a key partner in spearheading the nation’s economic and social development. Oman Development Bank has started functioning in the year 1977 in the sectors of industry, agriculture,fisheries, oil & mining. In 1981, a specialised bank for agriculture and fisheries was established in the name of Oman Bank for Agriculture and Fisheries.

In 1997, the two banks were merged to form Oman Development Bank (SAOC).ODB strives hard to foster the nation’s development by actively participating in the government’s concerted efforts to enhance economic and social development. ODB is a leading financier to the small and medium enterprises (SME) sector, providing financial assistance for a range of development activities as well as working capital finance to private enterprises.

The bank witnessed a new phase in financing small and medium projects in all development sectors under one umbrella, offering soft loans at interest rates not exceeding 3% while providing interest-free loans up to RO 5,000 to small investors and craftsmen.

Royal Decree No. 18/2006 was promulgated amending Royal Decree No. 18/97 and its supplements. With this, the lending limit was increased to a maximum of RO one million per loan support to cover selected economic sectors.

The bank greatly and clearly contributes to the creation of employment opportunities and to the success of such projects in the Sultanate through financing, technical support, and the expertise of its staff.

The bank continues in the development of its products and improvement of its service levels, utilizing knowledge of similar experiences in other developing countries, but adapted to Omani economy.

 
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