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BankMuscat Wins Bank of the Year Award
Muscat,
January 19, 2008: BankMuscat, the nation’s
leading bank, has been declared the ‘Bank of the
Year, Oman 2007’ by The Banker magazine,
Financial Times (UK), at a recently held
ceremony in London. The Banker’s Bank of the
Year Awards reflect the success and financial
achievements of the top banks from countries
across the globe.
This is the sixth year that Oman’s premier
financial institution has been selected in the
category of the ‘Bank of the Year’. Speaking on
this occasion, AbdulRazak Ali Issa, Chief
Executive, BankMuscat said,
“As a well-established bank with a
fast-growing international network, our aim is
to deliver a reliable, yet dynamic and
innovative banking service to our clients. To do
this, we draw on the expertise within our group
to provide our customers with top banking
products and services. We have good momentum
heading into the new year and our goals are to
maintain sustainable growth across all our
networks”.
According to The Banker, the criteria for the
assessment of the Bank of the Year Award are
built around detailed questionnaires provided by
banks. The award for a single bank in each
country is for the best overall performance in
the previous period incorporating performance
criteria, qualitative achievements and strategic
initiatives. The judging team reflects not only
on the latest results, growth rates and
performance data over the previous period
contained in the questionnaires, but also
analyses of all available material examining
technology, acquisitions and key strategic
developments.
Other winners from the region included Emirates
Bank (UAE), Qatar National Bank (Qatar), SAMBA
Financial Group (Saudi Arabia), Ahli United Bank
(Bahrain) and Kuwait Finance House (Kuwait).
The international financial and banking
community has lauded BankMuscat’s performance
and pioneering efforts at setting new standards
of excellence in the Banking industry in Oman
and in the countries in which it operates across
the region for several years now. BankMuscat
holds the rare distinction of being voted the
‘Best Bank’ in Oman by Global Finance for the
seventh time in a row and six successive times
by Euromoney magazine. |
