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البنــك المركــــزي العمـــاني Central Bank of Oman
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CBO Board Holds Third Meeting of the Year9/22/2018 8:00:00 PMCBO Board Holds Third Meeting of the YearCBO's Board of Governors held their third meeting of the year on Sunday 23rd of September 2018 under the Chairmanship of His Excellency Sultan bin Salim bin Said Al Habsi, Deputy Chairman of the Board of Governors.<p style="text-align:justify;">CBO's Board of Governors held their third meeting of the year on Sunday 23<sup>rd</sup> of September 2018 under the Chairmanship of His Excellency Sultan bin Salim bin Said Al Habsi, Deputy Chairman of the Board of Governors. The meeting was held at the CBO Headquarters in MBD area, Muttrah. </p><p style="text-align:justify;">Beginning the deliberations of the meeting, the Board took stock of the agenda of the meeting, followed by a review of CBO Report on the economic and financial developments in the Sultanate.  The Board also discussed the CBO report on the volume of funding extended by the banking sector in the Sultanate to the Small and Medium Enterprises (SMEs).</p><p style="text-align:justify;">The Board approved the proposed executive plan for the establishment of a National Bureau for Credit and Financial Information by studying the procedures taken up by the Central Bank of Oman for the establishment of the bureau. The Board also welcomed in principle, the procedures and endeavors aimed at the merger of a number of banks in the Sultanate with the view of forming large banking entities that can be more competitive and capable of meeting the evolving challenges and changes in the banking sector.</p><p style="text-align:justify;">Furthermore, the Board also reviewed the financial position of the Central Bank of Oman as at 31 August 2018 in addition to examining the reports on the performance of CBO's external investments. The Board also approved the annual budget of the College of Banking and Financial Studies (CBFS) for the Academic Year 2018-2019. The Board also discussed several other issues that were brought to its notice and took appropriate decisions accordingly.</p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB701001A1EADFFD0CD66409B1A45E335F4666A