CBO Promotes Online Banking to Ensure Business Continuity Amidst Coronavirus Related Restrictions

In a circular issued, the Central Bank of Oman (CBO) has instructed the country’s banking, sector companies to encourage the use of online banking services amongst customers, in efforts to minimise physical interaction with customers without disturbing day-to-day banking transactions.

In directives issued, CBO has requested the banking sector to ensure business continuity and smooth functioning of the banking system amid ongoing restrictions to control the spread of the Coronavirus.

Banks in the sultanate have communicated their intentions to offer uninterrupted services and have taken various measures to enable this. In a press statement issued, Alizz Islamic Bank stated that...