Thursday 13 / February / 2025
Muscat: In recognition of its outstanding contributions to the banking sector, Bank Muscat, the leading financial services provider in the Sultanate, has been awarded the Best Bank in Oman award by Euromoney. Mohammed Sultan al Habsi, Chief Representative, UAE Representative Office, Bank Muscat, received the award on behalf of the bank. Euromeney’s decision was based on a number of different criteria including the product mix, financial performance, asset and revenue quality, customer satisfaction, and digital offerings. It also included growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. The selection results came after extensive consultations with corporate financial executives and bankers, banking consultants and analysts across the world.
The recognition further solidifies Bank Muscat’s position as a leader in the banking sector in Oman and adds to the Bank’s long-standing success. Over the years, Bank Muscat has remained committed to its strategy of providing the best services and banking products to suit all segments of society and meet their aspirations. With a wide range of retail, corporate, wholesale and investment banking services as well as asset management and private banking offerings, Bank Muscat provides its customers with reliable, dynamic and innovative banking services and products, aiming to maintain market leadership.
Bank Muscat holds the distinction of being consistently voted as the Best Bank in Oman by prestigious local, regional and global institutions, including Global Finance, EMEA Finance and Meed. The bank was ranked as well by Forbes Middle East as one of the Top 100 Listed Companies and Top 50 Banks in the region.
The bank is the largest bank in Oman by total assets and has consistently demonstrated its leadership in position in Oman. Bank Muscat announced recently its preliminary unaudited results for the six months ended 30 June 2023. The Bank posted a net profit of RO 104.32 million for the period compared to RO 99.26 million reported during the same period in 2022, an increase of 5.1 per cent.
