Banking & Finance
Banks annual meeting addresses issues, challenges facing banking work
Hamoud bin Sangour al-Zedjali, Executive President of the Central Bank of Oman (CBO) on Monday chaired the annual meeting of CEOs, general managers and officials of banks operating in the Sultanate.

Hamoud bin Sangour al-Zedjali, Executive President of the Central Bank of Oman (CBO) on Monday chaired the annual meeting of CEOs, general managers and officials of banks operating in the Sultanate.
The CBO Executive President stressed the importance of this regular meeting, which comes within the framework of existing cooperation and coordination among banking institutions, CBO, its various departments and units.
He also affirmed the endeavors of all to find successful solutions for the issues and challenges facing the banking sector and facilitating its assignments.
Al-Zedjali also confirmed that the banks in the Sultanate fulfilled the minimum conditions of Basel III at the end of 2015. He added that the banks also maintained high levels of basic capital while the CBO financial tolerance evaluators continue in a bid to show the flexible banking system as each bank is required to identify weakness points and adopt proactive measures to limit such weakness.
The CBO Executive President also pointed out that as part of the continuous application of Basel III, the CBO has issued a paper of ideas on supporting reserve capital at the end of 2015 while the steering principles will be issued during 2016 to facilitate the implementation of the International Financial Reporting Standard “IFRS 9” in the Sultanate.
Those in the meeting presented several ideas and proposals on the themes raised by the meeting.
-
News1 month ago
Offer Price, Overview, Investors: Here’s Everything You Need to Know About Asyad Shipping’s Mega IPO
-
OER Magazines1 month ago
OER, February 25
-
Automotive2 months ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, February 2025
-
Energy2 months ago
Dubai Supreme Council of Energy Unveils 5th Emirates Energy Award 2023–2025 in Muscat
-
News2 months ago
Oil Prices Rise as Investors Assess New US Tariff Threats
-
News2 months ago
Middle East Emerging as a Key Destination for Sports Tourism
-
Banking & Finance2 months ago
Alizz Islamic Bank Partners with Visa to Launch Premium Shari’a-Compliant Card Solutions
You must be logged in to post a comment Login