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May 5, 2019

CBO Working on Projects to Improve Ease of Doing Business

In order to facilitate and improve the ease of doing business in the sultanate, the Central Bank of Oman (CBO) is working to implement various projects in banking and financial sector.

Muscat Daily

-In order to facilitate and improve the ease of doing business in the sultanate, the Central Bank of Oman (CBO) is working to implement various projects in banking and financial sector. According to H E Tahir bin Salim al Amri, executive president of the CBO, the sultanate’s central bank is working on projects such as the revision of Oman’s banking law, upgrading the payment systems infrastructure, liquidity management and deposit insurance schemes for Islamic banking entities and establishment of the National Centre for Credit and Financial Information.

H E Amri gave his inaugural address at the CBO’s annual bankers meeting, which was held under his chairmanship on Thursday. The meeting was attended by the CEOs and senior officials of the banks operating in Oman, according to an Oman News Agency report.He appreciated the performance of Oman’s banking sector during 2018 under the challenging macroeconomic conditions. He emphasised CBO’s strategic role as regulator and supervisor with the aim to put in place a robust regulatory framework, and upgrade the supervisory processes for effective risk based regulations.

The annual bankers meeting discussed the macroeconomic developments in Oman, MENA region and the world and the outlook for 2019.The meeting also provided a platform for constructive discussions on important issues such as ensuring readiness of banking sector for the implementation of value-added tax, combating financial crimes and strengthening cybersecurity and post-IFRS 9 implementation issues.

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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