The Board of Directors of the Central Bank of Oman (CBO) held its third meeting of 2026 on Sunday at the bank's headquarters located in Muscat Governorate. This meeting was aimed at strengthening the regulatory framework of the banking sector and improving classification and licensing processes.
Approval of New Banking Policies
During this meeting, the board approved the policy on "Classification and Licensing of Banks and Representative Offices of Foreign Banks in the Sultanate of Oman." This policy has been developed to further strengthen the regulatory framework of the banking sector and ensure compliance with relevant requirements and standards. Additionally, an emergency policy and framework were also approved, which includes related measures and procedures.
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Issuance of Commemorative Coins and Review of Financial Status
The board also approved the issuance of commemorative coins in honor of Omani Women's Day, human civilizations, and several prominent Omani figures. This initiative aims to celebrate the achievements of women and the rich culture of Oman.
During the meeting, the financial status of the Central Bank of Oman for the second quarter of 2026 and the budget of the College of Banking and Financial Studies for the 2026/2027 academic year were also reviewed. The board made necessary decisions after examining reports related to key issues raised in previous meetings and actions taken in this regard.
This meeting reflects the determination and will of the Central Bank of Oman to strengthen and improve the economic and financial conditions of the country, seeking to enhance its position in international financial markets in light of global developments.
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