Al Watan, 11 February 2024: Oman’s Central Bank has issued a Decision amending the statements of bank assets and liabilities of licensed banks in the Sultanate regulations.

Oman Central Bank Decision No. MM/201/06/23/22/2024 amends Oman Regulation No. 20/09/1980.

Under the Decision local banks must submit statements of their assets and liabilities, including a profit and loss account and all their operations and branches within the Sultanate of Oman, within their annual budget, provided that they are audited by independent auditors to the Central Bank during the first quarter of each year.

Local banks must electronically display the summary statement dating back to 31 December the previous year throughout March through the channel they conduct banking business through.

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