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BankMuscat wins “Best Internet Consumer Bank”
Award from Global Finance for the fourth time
Muscat, 9 December 2007: BankMuscat, the
nation's premier bank has been declared as the
‘Best Consumer Internet Bank in Oman’ for 2007
for the fourth time in running in the first
round of Global Finance magazine's awards for
the "World's Best Internet Bank 2007" in the
Middle East and Africa Region.
Confirming that Global Finance had once more
selected the Bank for the Award, Abdul Razak Ali
Issa, Chief Executive, BankMuscat said:
“The Global Finance awards speak volumes
about BankMuscat’s efforts towards moving
banking into the future, via its advanced
Internet capabilities. Offering our customers
innovative online services continues to be an
important area of focus for BankMuscat.
BankMuscat, has over the years, striven to
provide its customers increasing levels of
technology-led banking products and services in
an attempt to provide them with this
convenience. Going ahead, we will continue to
anticipate and understand the needs of the
discerning customer in Oman and across the
countries in which we operate and further
enhance our suite of online and e-banking
products, services and offerings.”
BankMuscat has been at the forefront of
developing Internet-based delivery capabilities
for both retail customers and corporate clients
in the Middle East, in addition to other
internet initiatives that provide clients with
full procurement solutions. By using BankMuscat’
s Online service, customers can transfer funds
(between their accounts), pay utility bills, and
create /rollover term deposit, make credit card
payments, make mobile top up’s, report lost ATM
cards, order cheque book or demand drafts and
customers can also make education fees payments.
The online banking site uses 128-bit encryption
Secure Socket Layer (SSL) technology, one of the
most secure forms of transacting and the highest
level of security commercially available on the
Internet. The site’s authenticity and security
is certified by Verisign, an independent
international authority.
Global Finance is an international finance
magazine with a circulation in over 158
countries. The magazine covers a wide spectrum
of subjects including corporate financing,
capital markets, monetary policies, banking
operations and risk management. A judging panel
composed of representatives from Tata
Consultancy Services Ltd. evaluated the entries.
Based on the judges’ evaluations, Global
Finance’s editors made the final selections.
Winners were selected based on, strength of
strategy for attracting and servicing online
customers, success in getting clients to use web
offerings, growth of online customers, breadth
of product offerings, evidence of tangible
benefits gained from internet initiatives and
web site design and functionality.
Other winners in the consumer Internet banks
category within the AGCC region for the current
year includes: Gulf Bank (Kuwait), CitiGroup
(Egypt), Qatar National Bank (Qatar), Samba
Financial Group (Saudi Arabia), CitiGroup (UAE)
and Blom Bank (Lebanon).
Global Finance has 50,000 subscribers and more
than 284,000 readers in over 158 countries. This
audience includes chairmen, presidents, CEOs,
CFOs, treasurers, and other financial officers
responsible for making investments and strategic
business decisions for large global companies
and financial institutions. Global Finance also
targets the 8,000 key portfolio investors who
control over 80% of all assets under
professional management. |
