CBO Board of Directors convenes its fourth meeting for 2025

Muscat: The Board of Directors of the Central Bank of Oman (CBO) convened its fourth meeting for this year (2025) at CBO Headquarters on Sunday.

At the meeting, the Board approved CBO’s Strategy for the years (2026-2030) and the draft Close Out Netting Law, in addition to approving the appointment of an external auditor for CBO and Oman Credit and Financial Information Center (Mala’a) for the upcoming three years (2025-2027).

The Board also discussed the current global and regional affairs, affirming its continuous follow-up and assessment of any potential impacts on the Sultanate of Oman.

Moreover, the Board reviewed a host of issues, including the financial soundness indicators of banks for the period ending on 31 December 2024, CBO’s Financial Position Report, the position of reserves and the performance of CBO’s foreign investments, the 2025 quarterly report of Oman Credit and Financial Information Center (Mala’a) and the semi-annual report on the project for enhancing CBO’s monetary policy adequacy. The Board also discussed the report on liquidity status in the banking sector for Q1, 2025.

The Board reviewed a number of topics listed on the agenda, on which it made the appropriate decisions.