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December 1, 2019

NBO Signs Membership Agreement with Mala’a

National Bank of Oman has signed a membership agreement with Oman Credit & Financial Information Centre to take part in building better credit & financial society in Oman.

The membership agreement states that Mala’a provides a central database of credit and financial information at the national level with the purpose of assisting members in making credit and/or business relation decisions through the assessment of solvency of their customers leading to reduced credit and financial risks and extension of financial inclusion in the Sultanate of Oman.

Mala’a was established by Royal Decree 38/2019 by his late Majesty Sultan Qaboos-May Allah Rest his Soul in Peace- issued on May 8th 2019. The Center includes members from the banking, financial, insurance, and telecom sectors, as well as SMEs funds. The center also includes several government and private registries as Data providers. As per the Royal Decree, Mala’a provides a database of credit and financial information on a national level, to aid its members and beneficiaries to assess their clients’ solvency, and therefore reduce credit risks, improve loans quality, and reinforce financial inclusion in the Sultanate, relaying on a state-of-art technologies and global standards. 

  National Bank of Oman SAOG (“NBO” or the “Bank”) was the first incorporated Bank in the Sultanate of Oman established in 1973 as a joint stock company, providing conventional and Islamic banking services.

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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