*
CBO available vacancies: 1. Assistant Legal
Officer, 2. Security System Operator,
application deadline due July 19th 2010.
*
CBO’s Board of Governors Set Credit Card
Interest Rate Ceiling at 18%-20% p.a
*
CBO Issues a New
Publication : 2009 Report of Banking Control Departments. Wednesday June 16,2010
The report
highlights the developments and improvement in the regulatory
and supervisory functions of CBO and contains an analysis of
banks performance in the country. The 2009 report also focuses
on the future strategy of regulations and supervision, while
shedding light on the development of the banking sector in the
Sultanate and the evolution of regulatory and supervisory
framework in the Central Bank of Oman.
The publication is aimed at achieving enhanced transparency of
the Central Banking functions while at the same time assisting
the various stakeholders in appreciating the regulatory and
supervisory functions of the Central Bank.
*
CBO Stipulates Maximum Bank Charges
Central Bank of Oman has decided to
stipulate maximum bank charges effective
from 1st June 2010, in super session of
Circular BM 875 dated 20th October 1999. The
Central Bank’s decision, as stated in
earlier correspondence and in Bankers’
Meeting of 27th April 2010, is in response
to increased number of genuine complaints
from the bank customers and is intended not
to bring uniformity but to provide a
benchmark within which banks need to compete
healthily. Central Bank pointed out that it
has adopted a deregulated approach in
general and follows a consultative process.
Whenever any quantitative parameters are
stipulated, it takes into consideration the
underlying factors. Banks, accordingly, were
requested not to treat bank charges,
insurance premium etc unduly as an extra
source of compensation.
*
CBO’s Board of Governors Set Credit Card
Interest Rate Ceiling at 18%-20% p.a.
The Central Bank of Oman’s Board of
Governors set a ceiling interest rate of 18%
p.a on salary assigned Credit Card
facilities offered by banks operating in the
Sultanate to their clients and 20% p.a on
others as a maximum limit. The decision was
made in its second meeting of the year
concluded on 16th May 2010 and chaired by H.
E. Dr. Ali bin Mohammed bin Moosa, Deputy
Chairman of CBO’s Board of Governors and
Chairman of the Tender Board.
Arabic Version
*
Coffey Projects Wins Project Management
Contract for CBO's New Alternative Building.
CBO Awards Coffey Projects Middle East its
contract for project management of the new
building that would be designed to meet its
business continuity needs. CBO, as a
regulator for the banking sector aims to set
an example on being prepared for emergencies
and disasters and stresses its importance.
* BM 1067 Disfiguring of Omani
Banknotes
*
BM 1066 Forgery of Omani Bank Notes
" Part 2"
*BM:
1065 Amendments to Circular BM 931 on
Currency Withdrawal/Redemption
*
BM: 1061 Currency Orders & Deposits
*
Monthly Bulletin for March 2010 Released
*
Banking Circulars Booklet Released by
Central Bank of Oman
*Quarterly
September 2009 Bulletin Released
*
On the occasion of the
39th National Day 2009 Central Bank of
Oman issues eight Silver Commemorative
coins
*
CBO
signs contract with ST Homeland Security
services (STET) for security enhancement
project ...
Arabic Version
*
SPEECH BY H. E.
The Executive President on officiating the
signing ceremony of the Integrated
Security management System with STET
Homeland Security, on 27th October 2009.
*
Central Bank of Oman Organizes
: "Fraud
Prevention and Detection
Conference"
