Suppose due to the current economic recession caused by the combined effects of coronavirus pandemic and low oil price, a bank in Oman is facing some financial difficulties as disclosed in its monthly financial statement of May 2020. The Central Bank of Oman, as part of its mandate under the Banking Law, is currently examining the financial affairs of the above bank. The bank has the total paid-up capital of RO50 million. The Central Bank found the following information in the financial statemen

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The regional and local impact of the COVID19 crisis is highly heterog... View the full answer