Oman Central Bank Circular No. BM989/2005
Connected Lending and Transactions
Type
Regulatory
Agency
Oman Central Bank
Issued on
13 Jun 2005 (corresponding to 6 Jumada Al-Awwal 1426 H)
Jurisdiction
Oman
Taxonomy
Lending & Security, Lending Parties, Banks, Financial Institutions
To: All Licensed Banks operating in the Sultanate of Oman
After Compliments,
Re : Connected Lending and Transactions
As licensed banks are aware, the Central Bank of Oman places great importance on good corporate governance, one of the cardinal objectives of which is running of a corporate entity in the larger interests of all the stake- holders fairly and transparently.
A pre-requisite for the good, credible and inspiring functioning of a financial institution, particularly a deposit-taking bank, is to ensure diligence in all related party transactions.