Oman Banks Association organises members' forum

Muscat: Oman Banks Association (OBA) organised a forum held at the W Hotel, Muscat under the auspices of Tahir Salim Al Amri, Executive President of the Central Bank of Oman (CBO).

The event was attended by Sheikh Abdullah Salim Al Salmi, Executive President of the Capital Market Authority, OBA’s Board of Directors, Bank CEOs, senior bankers, and senior CBO officials. The objective of organising the forum was to create a platform for communication between the various banks and regulators operating in the Sultanate.

Oman Banks Association is a non-profit professional association created to represent the banking sector, promote Omani banking activities, coordinate with regulators on matters of policy and strategy, and support banking excellence in Oman. Member banks can nominate their executive staff to become representatives of the Association. Members have the right to vote and elect board members at the Annual General Meeting (AGM).

Commenting on the event, Ali Hassan Moosa, CEO of the Oman Bank Association, said, “We are honoured today to play an important and vital role to promote banking excellence in Oman by working closely with the banking community, regulators, government entities, and other stakeholders. The banking sector, under the supervision of the Central Bank of Oman, is a strong and dynamic sector that is positively contributing to the national economy with focused steps towards achieving Oman Vision 2040.”

“The Omani banking sector has witnessed a rapid transformation towards digitisation and electronic banking channels to provide the finest services to its clientele and to cater for the needs of businesses and individuals, especially the younger generation.

“The Oman Banks Association’s efforts to promote financial literacy and financial inclusion are high on the agenda and will continue to be to ensure that all segments of society have access to the right banking products and services at a fair value. We are always seeking to implement full transparency through the application of local and international banking standards in cooperation with the Central Bank of Oman and all other banks to establish the Sultanate as a regional and global financial centre to promote the activities of banks in Oman locally and internationally.”