Oman Investment Bank Joins Mala’a Membership Network

Oman Investment Bank (OIB) has entered into a membership agreement with Oman Credit & Financial Information Centre (Mala’a), to become a banking sector member.

The agreement involves providing Mala’a members with a comprehensive credit and financial information database. This database will facilitate informed credit decision-making, financial capability assessments for clients, and evaluation of potential financial risks. 

The agreement was signed by Mr. Bassam Al Jamali, General Manager of Mala’a, and Mr. Fathi Al Balushi, Deputy Chairman of Oman Investment Bank. Bassam Al Jamali stated, “This agreement highlights Mala’a’s role in providing institutions with accurate financial reports, helping decision-makers to make well-informed choices.”

Mr. Al Balushi emphasized, “Joining Mala’a reflects our commitment to supporting Oman’s strategic objectives. The bank is poised to play a key role in advancing the Oman Vision 2040 strategy.”

Mala’a is the largest national data bank for financial and credit information in Oman, 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.

Oman Investment Bank, the first specialized corporate investment bank in Oman, was established to support the strategic goals and ambitions of Oman and its local and regional investors.