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.
-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.
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, […]April 4, 2022
Oman Credit and Financial Information Centre (Mala’a) won the Global Business Outlook Award for the “Fastest Growing Consumer & Commercial Credit Information Reporting in the GCC” for the year 2021. The achievement is a testament for Mala’a’s efforts in developing the credit system in the Sultanate since its inception in 2019 with the support of […]March 7, 2022
The Central Bank of Oman management and Board of Governors, appointed Mr. Bassam Al Jamali a General Manager to Oman Credit and Financial Information Centre (Mala’a) on November 21st. Mr. Bassam Bin Tariq Bin Abdul Redha Al Jamali brings in a vast experience of over 24 years in the Central Bank of Oman in the […]