Business Continuity Managment
Business Continuity Management refers to the implementation and oversight of preventive measures, planning, and preparations to ensure the bank`s ability to sustain operations following an emergency or operational disruption. The bank takes steps to ensure that its systems and procedures are capable of maintaining business activities during potential work interruptions. A comprehensive emergency plan has been developed by the bank to effectively ensure business continuity in unexpected disaster scenarios, in accordance with the guidelines provided by the Central Bank of Oman regarding business continuity. The bank continually enhances its existing plans by implementing an active action plan to guarantee the continuity of procedures and systems, while remaining flexible and prepared to meet emergency requirements. The Business Continuity Management committee is entrusted with the responsibility of formulating, adopting, modifying, testing, and maintaining the bank`s business continuity plans. This committee conducts reviews and consensus-building on strategic information pertaining to the evaluation and planning of business activity continuity, while ensuring that the concept and implementation of planning and sustainability responsibilities are comprehended across all areas of operation.