The Central Bank of Oman's board of directors held its fifth meeting of the year at the bank's headquarters in Muscat's Central Business District, the Oman News Agency reported on September 22.

The board approved the annual budget for the College of Banking and Financial Studies for the academic year 2025-2026 during the meeting.

The board reviewed several reports including financial soundness indicators for banks for the second quarter of 2025, a report on the Central Bank of Oman's financial position, and the status of foreign reserves and market operations. The meeting also covered the quarterly report from the Oman Credit and Financial Information Centre.

The board discussed the "Financial Stability Prospects and Challenges in the Omani Economy" report for the second quarter of 2025 and a report on liquidity conditions in the banking sector. It also examined a working paper on liquidity tools for licensed Islamic banks and another paper on Oman's credit rating upgrade according to Moody's rating agency report.

Several other topics on the agenda were reviewed, with appropriate decisions taken on these matters.

The Central Bank of Oman continues to monitor banking sector performance and liquidity conditions as the country implements economic reforms and diversification initiatives away from oil dependency.