Arab Banking Associations & Unions
- Chairman: Mr. Abdul Razak Bin Ali Bin Issa
- Chief Executive Officer: Mr. Ali Hassan Moosa
- Country: Sultanate Of Oman
- Establishment Date: 21/05/2014
- Headquarters Address: OMINVEST Building, First Floor, Office No. 14, Way Number 3036, Shatti Al Qurm, Muscat, Sultanate of Oman
- P.O. Box: 1400 Ruwi 112
- Tel.: (+968)-24951666
- Fax: (+968)-708497
- Website: omanbanksassociation.com
- E-mail: [email protected]
- Membership in the UAB: Non Member
| Objectives & Functions |
|---|
| Acting as the depository agency for the Government of the Sultanate of Oman. |
| Issuing the national currency, supervising its circulation, preserving its value and managing foreign assets. |
| Regulator of the Oman`s commercial banks, specialized banks, finance and leasing companies and money exchange houses. |
| Making advance payments to the Government in respect to temporary deficiencies in recurrent revenues. |
| Managing local public debt on behalf of the Government. |
| Maintaining, at all times, a part of the Sultanate`s foreign assets as cover for the currency in circulation at prescribed ratios. |
| Advancing credit to local banks and engaging in investment activities through the purchase & sale of financial instruments. |
| Determining discount and rediscount rates. |
| Providing clearing house and payment services for all member banks. |
| Acting as the advisor of the Government in economic matters in general & monetary & financial matters in particular. |
