NBAD opens 9th branch in Oman

Press release
Published December 12th, 2011 - 06:59 GMT

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has opened its ninth Oman branch in Al Buraimi, the oasis town in northeastern Oman on the border with UAE, in its ongoing expansion in the Sultanate of Oman. 

NBAD, the only UAE bank operating in Oman, has aggressively expanded in Oman since it opened its second branch in the country in 2006. NBAD opened its first branch in Oman’s Capital, Muscat, in 1976.

NBAD set a goal to double its presence in Oman to 18 branches by 2015 to keep pace with economic development in the country.

 “This step comes in line with the Bank’s strategy to expand in regions that offer attractive opportunities for the banking industry,” said Qamber Ali Al Mulla, the Senior General Manager of NBAD’s International Banking Division.

“Opening NBAD’s branch in Al Buraimi underpins our international network, which is the largest overseas network of all UAE local banks; It stretches from Hong Kong in the Far East; to Oman, Bahrain, and Kuwait in the Gulf Co-operation Council (“GCC”); Jordan in the Levant; Egypt, Sudan, and Libya in Africa; the United Kingdom, Switzerland, and France in Europe; and Washington D.C. in the United States of America.”

 “In addition to expanding our networks in countries where we operate, NBAD will open a branch in Malaysia and a representative office in Shanghai, China in 2012. We are also studying to enter other markets in the near future,” Mr. Al Mulla said.

The new branch, which will be run by professional and experienced talents, is a valuable addition to NBAD’s branch network endeavoring to keep pace with the international standards and trends for providing its customers with innovative, customer-oriented products and services.

“NBAD has a strategic plan to be in key towns of the different regions of Oman,” said Saeed AlMubarak, NBAD’s Regional Manager in Oman. “NBAD enjoys a good reputation and prestige in this market; with a growing economy and increasing income, we foresee great opportunities in Oman.

“NBAD has been in Oman for over thirty years. The Bank’s foundation in this country is deep and we want to contribute to the economy and growth of Oman.

“Extending our services to Al Buraimi is a logical step in our expansion plan especially as residents of the town are familiar with NBAD brand due to its proximity to Al Ain  in the UAE.”

The new branch has been strategically located to provide easy access for NBAD’s wide and growing customer base in various areas. It has been outfitted with state-of-the-art technologies enabling it to provide even more efficient and effective services to the Bank’s customers. NBAD’s branch in Al Buraimi will offer customers access to all of the Bank’s competitive and innovative products and services.

NBAD offers superior and comprehensive up-market commercial banking services including corporate and retail banking, elite Banking, wealth management, deposits, finance, and other tools and solutions that will be put in the service of its consumer and corporate clients.