MUSCAT, 20 April 2010 – BankMuscat, the leading financial services provider in the Sultanate, has opened a new branch in Kuwait which currently offers corporate banking, trade and treasury services. The focus is to support investment and trade flows between Kuwait and Oman.
AbdulRazak Ali Issa, Chief Executive, BankMuscat, said: “The Kuwait branch will add value to the local economy by promoting trade linkages between the two countries and introduce other services to its offering over a period of time. With an increase in trade and economic integration within the Gulf region, BankMuscat is focused on a common approach to customers and business processes that will benefit the group.”
With the new branch in Kuwait, BankMuscat has extended its footprint in the GCC region, covering all six countries through direct and indirect network entities. BankMuscat’s international operations, which deliver a wide range of cross-border finance solutions, continue to be central to the Bank’s strategy of prudent expansion to meet the financial needs of customers.