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البنــك المركــــزي العمـــاني Central Bank of Oman
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CBO Signs Agreement to Establish Oman Credit BureauCBO Signs Agreement to Establish Oman Credit BureauThe Central Bank of Oman and Creditinfo entered into an agreement to set up a full-fledged independent credit and financial information bureau called Oman Credit Bureau. /news/114
CBO Holds Fourth Board Meeting of the YearCBO Holds Fourth Board Meeting of the YearThe Central Bank of Oman's Board of Governors held its Fourth meeting of this year on Monday 17th December 2018 at CBO HQ, CBD Area, Muttrah. The meeting was chaired by H.E. Sultan bin Salim bin Saeed Al-Habsi, Deputy Chairman of CBO's Board of Governors./news/111
Signing of a MOU between the Central Bank of Oman and the Palestine Monetary Authority Signing of a MOU between the Central Bank of Oman and the Palestine Monetary Authority In its endeavor to strengthen its banking relations with other central banks and regulatory authorities of friendly countries in banking supervision, the Central Bank of Oman (CBO) has signed today at its headquarters a Memorandum of Understanding with the Palestine Monetary Authority./news/109

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National Committee for AML/CFT and the National Counter-terrorism Committee Review Findings of the National Risk Assessment Reporthttps://cbo.gov.om/news/1151/26/2019 8:00:00 PMNational Committee for AML/CFT and the National Counter-terrorism Committee Review Findings of the National Risk Assessment ReportThe National Committee for Anti-Money Laundering and Combatting Financing of Terrorism (AML/CFT), in coordination with the National Counterterrorism Committee
CBO Signs Agreement to Establish Oman Credit Bureauhttps://cbo.gov.om/news/1141/9/2019 8:00:00 PMCBO Signs Agreement to Establish Oman Credit BureauThe Central Bank of Oman and Creditinfo entered into an agreement to set up a full-fledged independent credit and financial information bureau called Oman Credit Bureau

 Circulars

 

 

BOD/LB/2018/583 - Mawlid Al Nabawi and National Day Holidayshttps://authoring.bnet.om/english/Circulars/Pages/BODLB2018583.aspx11/14/2018 8:00:00 PMBOD/LB/2018/583 - Mawlid Al Nabawi and National Day HolidaysCentral Bank of Oman has announced holidays for all banks and Finance & Leasing Companies (FLCs) operating in the Sultanate https://publishing.bnet.om/sites/assets/Documents/English/Circulars/2018/MawlidAlNabawiandNationalDayHolidays15Nov2018.pdf
BOD/LB/2018/480 - New Hijri Year 1440H Holidayhttps://authoring.bnet.om/english/Circulars/Pages/BODLB2018480New-Hijri-Year-1440H-Holiday.aspx9/8/2018 8:00:00 PMBOD/LB/2018/480 - New Hijri Year 1440H HolidayAll Banks, Finance & Leasing Co., Money Exchange Co. operating in he Sultante of Oman Shall have an official holiday on 1st Muharram 1440H.https://publishing.bnet.om/sites/assets/Documents/English/Circulars/2018/Circular1440HMuharramHoliday.pdf

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Treasury Bills Tender Result (04 February 2019)Treasury Bills Tender Result (04 February 2019)2/3/2019 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2019/TbillsTenderResultsIssue04Feb2019.pdf
Treasury Bills Tender Result (28 January 2019)Treasury Bills Tender Result (28 January 2019)1/27/2019 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2019/TbillsTenderResultsIssue28Jan2019.pdf
Treasury Bills Tender Result (21 January 2019)Treasury Bills Tender Result (21 January 2019)1/20/2019 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2019/TbillsTenderResultsIssue21Jan2019.pdf
Treasury Bills Tender Result (14 January 2019)Treasury Bills Tender Result (14 January 2019)1/13/2019 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2019/TbillsTenderResultsIssue14Jan2019.pdf
Treasury Bills Tender Result (31 December 2018)Treasury Bills Tender Result (31 December 2018)12/30/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TbillsTenderResults%20Issue31-12-2018.pdf
Treasury Bills Tender Result (24 December 2018)Treasury Bills Tender Result (24 December 2018)12/23/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TbillsTenderResults24Dec2018.pdf
Treasury Bills Tender Result (17 December 2018) Treasury Bills Tender Result (17 December 2018) 12/16/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TbillsTenderResultsIssue17Dec2018.pdf
Treasury Bills Tender Result (10 December 2018)Treasury Bills Tender Result (10 December 2018)12/9/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TbillsTenderResultsIssue10Dec2018.pdf
Treasury Bills Tender Result (03 December 2018)Treasury Bills Tender Result (03 December 2018)12/2/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TbillsTenderResults%20Issue03-12-2018.pdf
Treasury Bills Tender Result (26 November 2018)Treasury Bills Tender Result (26 November 2018)11/25/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TbillsTenderResults%20Issue26-11-2018.pdf

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Monthly Statistical Bulletin December 2018https://cbo.gov.om/report/MonthlyBulletins/7712/14/2018 8:00:00 PMMonthly Statistical Bulletin December 2018 ​The Omani economy witnessed an accelerated growth of 15.3 percent during the first nine months of 2018. The growth has been fairly broad based with petroleum and non-petroleum sectors growing at 46.7 percent and 3.4 percent, respectively, during this period.
Monthly Statistical Bulletin November 2018https://cbo.gov.om/report/MonthlyBulletins/7611/14/2018 8:00:00 PMMonthly Statistical Bulletin November 2018​The Sultanate's economy continues to witness good progress and achieved an accelerated growth of 15.1 percent during the first half of 2018 as compared to 10.3 percent in the same period last year. The hydrocarbon and non-hydrocarbon sector grew by 37.1 percnt and 5.1 percent, respectively.

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 Speech

 

 

Annual Meeting with External Auditors - 2017https://cbo.gov.om/speech/510/30/2017 8:00:00 PMAnnual Meeting with External Auditors - 2017 ​It is with great pleasure I welcome you all to this Annual Meeting with External Auditors of Banks and FLCs. For me, this edition is special since it is my first Auditors' Meeting after assuming my new responsibilities at the Central Bank. I have been eagerly looking forward to hearing from you all. This year, we have made some changes in the format of the meeting to make the deliberations theme based, and more interactive and focused. IFRS 9 would be the theme for today's meeting in view of its impending implementation. We also intend to provide you an insight into the rationale behind various policy decisions made in the recent past to enable you to discharge the audit responsibilities effectively. There are two interlinked issues such as implementation of IFRS 9 and proper risk classification of loans and compliance with the Central Bank regulations, that we would like to focus on today. We are now in the final laps in the run up to the mandatory implementation of IFRS 9. I am sure all of you must be very busy in preparing yourself for the challenges ahead for its implementation. We do hope that the auditors would play a proactive role in ensuring that the banking system is well prepared for a consistent and proper implementation of the standard. I would therefore request the audit firms to deploy their experienced and best talent for the job at hand. They should also ensure proper risk classification of loans, provisioning for bad assets and compliance with regulatory requirements and disclosure standards. In this connection also, integrity of financial reporting is critical to the growth of business. The audit firms must implement robust quality controls and internal review procedures so as to ensure integrity of financial reporting and avoid similar lapses in all respects. IFRS 9 enlarges the scope for management discretion and subjectivity. This brings in a host of issues such as the possibility of profit smoothening and under-provisioning. Indeed, even in the absence of management discretion, there is always the possibility of model failure. Therefore, in consultation with audit firms, we have retained our two track approach to impairment provisioning. In order to harmonise the regulatory framework with accounting standards, it is advised that the adjustment for the shortfall in IFRS 9 provisions as compared to CBO requirements be made below the line. Therefore, the auditors have got an onerous job to ensure that the provisions under IFRS 9 are adequate and made for both expected and incurred losses, in keeping with the spirit of the standard. As you are aware, the Central Bank has advised banks to submit IFRS 9 based proforma financial statements in parallel and subject their proforma financial statements for the year ending December 31, 2017 to a limited review by the auditors. There are two primary drivers to this decision. Firstly, it would facilitate better preparedness for the impending implementation. More importantly, it would allow the Central Bank to assess the extent of impact of IFRS 9 on regulatory capital. This would allow us to take a decision on any transitional relief on capital adequacy and also the approach for the dividend payouts for the year 2017. It is imperative, therefore, that this exercise be completed in a timely manner, and the Central Bank receives the audited financial statements of banks/ FLCs and also the IFRS 9 based proforma financial statements for the year ending December 2017 in one lot within the specified time.

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