Dear Shareholders, 

I am glad to share with you the encouraging results achieved by the Bank during the six months ending 30 June 2011. The key business lines of the Bank recorded impressive performance during the period in question. The focus remains adopting prudent policies and aligning growth with a cautious approach to market conditions.

 

Oman’s Economy

Oman was ranked the 34th freest economy in the 2011 Index of Economic Freedom, reflecting improvements in business freedom, monetary freedom, and government spending. Numerous projects and initiatives are under way as part of the government’s commitment to create over 100,000 jobs in the country.  (read more)