Gulf International Bank Joins Mala’a Membership Network

Gulf International Bank (GIB), a leading financial institution in the Gulf region, has officially entered into a membership agreement with the Oman Credit & Financial Information Centre (Mala’a), becoming a banking sector member under the Foreign Banks category.

The agreement provides GIB with access to an extensive database of credit and financial information. This database will facilitate informed credit decision-making, financial capability assessments for clients, and the evaluation of potential financial risks.

The agreement was signed by Mr. Bassam Al Jamali, General Manager of Mala’a, and Mr. Yasseen Alawati, Country Manager of Gulf International Bank. Mr. Bassam Al Jamali stated, “We are pleased to welcome Gulf International Bank as a member of Mala’a. This partnership will allow GIB to leverage our vast database of financial and credit information, which is key to promoting effective decision-making and risk management in the financial sector.”

Mala’a is the Oman’s national data bank for financial and credit information, encompassing membership from all financial and credit institutions in the country, including the banking and finance sectors, telecommunications, and SME funds. It is linked to government records such as the Royal Oman Police and the Ministry of Commerce, Industry, and Investment Promotion. Mala’a provides credit reports that support lenders in assessing credit risks, thereby promoting responsible lending.