Oman Banks Association hosts networking event and dinner

Serving as the bridge between various banks across the sultanate Oman Banks Association (OBA) recently hosted its second Annual Networking & Dinner Event 2019 under the auspices of H E Tahir Salim al Amri, Executive President of the Central Bank of Oman, Sheikh Abdullah Salim al Salmi, executive president of Capital Market Authority, and Sheikh Waleed al Hashar, chairman of the Board of Directors of Oman Banks Association.

The forum, which provided support as a platform for enhanced communication between the various players in the industry, was graced by the presence of around 200 senior bankers from all member banks.

Welcoming guests to the annual gathering, OBA’s chairman, Sheikh Waleed al Hashar said, “Since the establishment of the Oman Banks Association, the board of directors has worked towards ensuring the utmost cooperation and communication with all members, government bodies and private institutions so as to enhance the role of the association in achieving its objectives. The association’s activities mainly focus on promoting the cooperation between banks and financial institutions to develop the Omani banking sector.”

He added, “I would like to highlight the role of the Central Bank of Oman for the cooperation and guidance it provides all the banks and financial institutions in the sultanate to achieve more success and progress. I would also like to highlight the role of the CMA to ensure the application of regulations in the sector, which confirms the importance of the sector and its role in supporting other sectors of the national economy.”

“We, at Oman Banks Association intend to continue our work and our role as a channel of communication between members and other parties on various matters that contribute to the overall development of the banking sector. We will also actively participate in activities and events of interest to the sector and the community,” he concluded.

Marking inordinate electronic progress in the sector, the forum featured a presentation on the current Fintech trends in the MENA region delivered by Nihal Aboghattas, founding Board Member of the MENA Fintech Association. Nihal outlined the key initiatives of Fintech.

Oman Banks Association is a non-profit 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.