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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.

November 16, 2023

Bilateral Agreement for the Exchange of Credit Information between Oman Credit Information Center (Mala’a) and the Kuwait Credit Information Network Company

Oman Credit and Financial Information Centre (Mala’a) has entered into a bilateral Agreement for the Exchange of Credit Information with its counterpart the Kuwait Credit Information Network Company (Ci-Net). This general objective of the agreement is to promote the facilitation of the exchange of credit-related information among Gulf Arab nations, aligning with the decision of […]

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June 15, 2023

Oman Credit and Financial Information Center wins the Excellence Award for providing credit information services

Oman Credit and Financial Information Centre (Mala’a) has received an Award for Excellence in Credit Information Services at the New Age Banking Summit by OER Magazine. Mala’a is the official source for credit and financial information through credit reports and credit scores. The credit parameters make for crucial criterion that determines eligibility to obtain credit […]

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April 4, 2022

Mala’a and the National Center for Financial Information Sign a Cooperation Program

Oman Credit & Financial Information Centre (Mala’a) and the National Center for Financial Information signed a cooperation program to collaborate on significant aspects of Anti-Money Laundering and Combating Financing of Terrorism (AML-CFT) laws on Tuesday, March 8th, 2022, at a formal event held at NCFI headquarter. The Program was signed by Mr. Bassam Al Jamali, […]

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