Euromoney, one of the leading financial magazines worldwide, has declared BankMuscat as the ‘Best Bank in Oman’ at the Euromoney 2007 Awards for Excellence ceremony held at Abu Dhabi on Wednesday June 13th. This is the sixth successive year (and the seventh time overall) that Oman’s premier financial institution has been selected as the ‘Best Bank in Oman’ by Euromoney.
Though not present to receive the award in person, speaking on the occasion AbdulRazak Ali Issa, Chief Executive, BankMuscat said:
“I would like to dedicate this award to our customers and the people of Oman who are currently recovering from the aftermath of Cyclone Gonu. It is their support that has seen us rise from strength to strength. God Willing, we shall definitely continue to provide them with the finest of banking products, services and solutions, even as our beautiful country continues on its path of successful regional and global integration.”
Other winners from across the GCC region, include: Qatar National Bank (Best Bank in Qatar), ADCB (Best Bank in the UAE), National Bank of Kuwait (Best Bank in Kuwait) and Ahli United Bank (Best Bank in the Middle East). The Euromoney Awards for Excellence continue to be the most respected global awards for banking excellence are granted on submissions to Euromoney by banks across the region highlighting their performance, asset and revenue quality, customer satisfaction, and IT systems and offerings of the bank.
The international financial and banking community has lauded BankMuscat’s performance and pioneering efforts at setting new standards of excellence in the Banking industry for several years now. BankMuscat also holds the rare distinction of being voted the ‘Best Bank in Oman’ five times in a row by The Banker, FT London, and seven times by Global Finance Inc. The Bank was awarded the People Development Award at Oman Awards for Excellence, in 2003, 2004 and 2005. Earlier this year, the Bank was also awarded the prestigious Investors in People (IiP) certification for its continuous investments in human capital. BankMuscat is the first bank from across the Middle East region to have obtained this prestigious certification.
About BankMuscat SAOG:
With assets worth over USD 8.5 billion, BankMuscat (SAOG) is the largest Bank in Oman today with a strong presence in Corporate Banking, Consumer Banking, Investment Banking, Treasury, Private Banking, Project Finance and Asset Management. The Bank has a network of 100 branches and 230 ATMs in Oman and a representative office in Dubai (UAE). BankMuscat also has a strategic stake in Centurion Bank of Punjab, one of the largest private sector bank in India, and has a 49% stake in BankMuscat International (BMI), an independent banking entity in Bahrain that is focused on becoming a truly GCC regional bank. The Bank has also recently opened its operations in the Kingdom of Saudi Arabia.
