Oman central bank to create credit bureau

The projected credit bureau will process credit data sourced from both banks and non-banking entities

  
Close up of female accountant or banker making calculations. Savings, finances and economy concept. Image used for illustrative purpose

Close up of female accountant or banker making calculations. Savings, finances and economy concept. Image used for illustrative purpose

Getty Images/Prapass Pulsub

Mubasher: Central Bank of Oman (CBO) has signed an agreement with Iceland’s Creditinfo Group to develop and manage an apt credit registry system.

The agreement will see the creation of a credit bureau, according to an official statement.

“We are thrilled to start this new adventure with the Central Bank of Oman and provide the full potential of intelligent information, software and analytics solutions to this project,” Creditinfo’s CEO Stefano Stoppani commented.

The projected credit bureau will process credit data sourced from both banks and non-banking entities including leasing finance providers and lenders of the small and medium-size enterprises (SMEs) sector.

“Oman Credit Bureau once launched will become a national one-stop-shop for credit and financial information in the sultanate,” CBO’s executive president Tahir bin Salim Al Amri said.

Source: Mubasher

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