The College of Banking and Financial Studies (CBFS) is a government organization established by a Royal Decree in 1983 with the objectives of educating and training bankers and encouraging research in banking and financial subjects. It is under the juristic supervision of the Central Bank of Oman (CBO) and is supported by the commercial banks operating in the Sultanate.

The College has been helping the financial services industry to meet its human resource development needs by offering academic and training courses that are tailor-made for the emerging needs of Oman. It is an active partner in the Omanization of the banking sector.

Having redefined its Vision and Mission, the College is committed to becoming a `Regional Centre of Excellence.` It proposes to do so by adding futher to its portfolio of internationally accredited educational programmes and by ensuring that training takes place to match the dynamics of the market place.