To: All Licensed Banks Operating in the Sultanate of Oman

Subject: Revision of the Application and License Fees paid by Banks

1. As banks are aware, the fees charged by CBO in respect of applications made for principal/branch offices and for issue of licenses for these offices remain unchanged since 1976.

2. The Board of Governors considered this issue at its meeting held recently and decided that with effect from the licensing year 1995, that is from 1st January 1995, banks shall pay fees as per the following schedule.

   A)	Application to conduct banking business in the Sultanate	RO 5,000
   B)	Application to establish a branch office	RO 500
   C)	Annual license fee- principal office	RO 5,000
   D)	Annual license fee – branch office	RO 500
   E)	Annual license fee- Off-Site Automated Teller Machine	RO 250
   F)	Annul license fee – Electronic Funds Transfer Point of Sale (EFTPOS) terminals	RO 125
   G)	a) Merger of Banks
   	1. For a surviving bank whose registered name is retained; per branch or Main Office taken over during the merger process.	RO 500	RO 500