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English news

13-Jan-2019

Oman Central Bank signs deal to set up credit bureau

Central bank announced plans to set up a credit bureau in Oman following a deal signed between the country's central bank and Creditinfo Group. The global credit information and fintech services provider said it has inked a partnership with the Central Bank of Oman to support the development, roll-out and management of a credit registry system. A credit bureau is an organisation providing information on individuals' borrowing and bill-paying habits. Creditinfo Group said the contract with CBO will create a credit bureau too process credit data sourced from both banks and non-banking entities like providers of leasing finance, SME sector lenders, insurance companies, telecommunication companies, utilities and government data. 

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