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January 13, 2019

CBO signs deal with Creditinfo to establish credit and financial information bureau

The Central Bank of Oman (CBO) and Creditinfo Group signed an agreement as part of the development of a full-fledged independent credit and financial information bureau called Oman Credit Bureau (OCB).

he Central Bank of Oman and Creditinfo entered into  an agreement to set up a full-fledged independent credit and financial information bureau called Oman Credit Bureau. In the event held at the CBO Head Office, H.E Tahir bin Salim Al Amri, Executive President of the Central Bank of Oman, signed the agreement on behalf of the Central Bank of Oman, while Mr. Stefano Stoppani, Chief Executive Officer of Creditinfo Group, signed on behalf of Creditinfo Group. According to the terms of the agreement, Creditinfo Group will be responsible for providing the hardware equipment, the software, consultancy services, and substantive support for the Bureau.                  

“The signing of this agreement to establish the Bureau is part of Central Bank of Oman’s 2019-2021 strategy”, said His Excellency Tahir bin Salim Al Amri, Executive President of the Central Bank of Oman. “The project is part of The National Program for Enhancing Economic Diversification (Tanfeedh) in coordination with the Implementation Support and Follow-up Unit (ISFU). The Bureau once launched will serve as an integrated national credit and financial information centre in the Sultanate, which inevitably will help improve the Sultanate’s ranking in the sub-index of the Overall Country Ease of Doing Business Ranking issued by World Bank”, H.E. noted.  

“Central Bank of Oman has finalized the draft of the legal framework for the Bureau which will regulate its functions, and expand its scope of services in line with the best international standards. The project will be delivered in  three phases of 12 months each; phase1 is planned to be launched by the end of this year,” said, Mr. Aadil Khalifa AlSaadi, the project manager & Manger Banking Credit & Statistical Data Department.

August 9, 2021

Mala’a offers Credit Score to assist Credit Risk Management in the Financial sector

MUSCAT, July 1: Oman Credit and Financial Information Centre (Mala’a) offers Credit Bureau services to enhance the creditworthiness of the individuals and corporates in the Sultanate in line with Oman Vision 2040, said Mala’a’s Managing Director Mr. Aadil Al Saadi. This supports financial inclusion by ensuring responsible financing in addition to improved credit risk management. […]

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August 9, 2021

Mala’a received 740,000 Credit Report applications received in 2020, and 37 Membership Agreements signed so far

Muscat- June  Oman Credit and Financial Information Center (Mala’) was established in 2019 by Royal decree 38\2019 as the first pillar of the Central Bank of Oman’s 2019-2021 Strategy to enhance the business environment towards implementing Oman 2040 Vision. The center offers credit and financial reports and scores for individuals and corporates and aims to be Oman’s national […]

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November 29, 2020

Oman Credit and Information Centre Signs an MoU with Jusoor Foundation

Muscat\ Oman Credit and Financial Information Center (Mala’a) signed a Memorandum of Understanding with Jusoor Foundation on November 29th 2020 that states providing credit and financial information about Jusoor Foundation’s service providers, individuals and supplying or project executing corporates. The information will be used to assess the clients’ solvency and creditworthiness as stipulated in the […]

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