Bank Muscat , Oman's largest lender, will take an impairment charge of up to 15 million rials ($39 million) after a small number of prepaid travel cards were hit by fraud, the bank said on Tuesday.
The bank said its board met on Monday after 12 prepaid travel cards were compromised outside of Oman. The cards allow users to carry currencies abroad rather than using their debit or credit cards in foreign countries, which can be expensive.
No other customers have been affected by the fraud.
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