To: All Licensed Banks Operating in the Sultanate of Oman

After Compliments,

Sub: Banks’ Off-site Surveillance Return

As banks are aware, all licensed banks are required to submit a Quarterly Monitoring Report (BOSS-I), as per the format prescribed vide our Circular BM 764 dated July 8, 1995.

There have been significant changes in the banking industry since the introduction of the above return, with the banks entering into new areas of business and adapting the latest technology. With the growing complexity of the banking business, it has been decided to monitor the risk profile of the banks operating in the Sultanate more closely. Accordingly, the Central Bank has identified a set of Financial Soundness Indicators to monitor the health of the banks on a continuous basis.