CBO Board of
Directors Holds Second Meeting for 2025

Muscat, 13
Apr (ONA) — The Board of Directors of the Central Bank of Oman held today its
second meeting for 2025, at CBO Headquarters, Muscat Governorate.

At the
meeting, the Board approved CBO’s closing accounts, the Banking Deposits
Protection Scheme and Oman Credit and Financial Information Center (Mala’a) for
2024.

The Board
also discussed the latest global and regional affairs, and is continuously
assessing any potential impacts on the Sultanate of Oman.

Moreover,
the Board reviewed a host of issues, notably the financial soundness indicators
of banks, the position of reserves and the performance of CBO’s foreign
investments, a report on “Prospects and Challenges of Financial Stability in
the Omani Economy” for Q4 of 2024 and a report on newly licensed banks. The
Board also took stock of a report on SMEs for the period ending 31st December,
2024, a report on Omanization and succession in the banking sector and a report
on the Omani Economic and Financial Experts Program.

In addition,
the Board took stock of the Annual Report on Financial Technologies for 2024,
the annual report of Oman Credit and Financial Information Center (Mala’a) and
the semi-annual report on the activities of the Supreme Sharia Supervisory
Board for the period from July to December, 2024.

Finally, the
Board reviewed a number of studies and topics listed on the agenda, on which it
took the appropriate decisions.

—Ends/AG