Oman Banks Association organises forum for members

Muscat: With an aim to create a platform for communication between the various banks operating in the Sultanate, Oman Banks Association (OBA) organised a forum for its members.
The forum was attended by a large number of senior bankers from various banks operating in the Sultanate.
The forum was held under the auspices of Tahir Salim Al Amri, the executive president of the Central Bank of Oman and Abdul Razak Ali Issa, chairman of the Board of Directors of Oman Banks Association.
Commenting on the event, Ali Hassan Moosa, CEO of the Oman Bank Association, said,“We are always striving to organise such events which play an important role in creating a platform for communication between different banks, especially since the dynamic banking sector is constantly evolving,”
“This is especially true with regards to the current rapid electronic transformation taking place in connection with the provision of banking services,” he added.
“We are always seeking to implement full transparency through the application of local and international banking rules 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, ” Moosa said.
The event also witnessed the hosting of a farewell party for Abdul Razak Ali Issa, chief executive of Bank Muscat and chairman of the OBA Board of Directors, who will retire from his post on December 31 this year.
Oman Banks Association is a non-profit professional association created to represent the banking sector, to promote Omani banking activities, coordinate with the regulators on matters of policy and strategy, and to support banking excellence in Oman. Member banks can nominate their executive staff to become representatives of the association. Currently, 192 bankers are members of the association. Members have the right to vote and elect board members at the annual general meetings.