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Bank Muscat wins Best Private Bank in Oman award by Global Finance

MUSCAT, 27 November 206 – Bank Muscat, the flagship financial services provider in the Sultanate, has won the Best Private Bank in Oman award. The prestigious award was announced by leading global finance magazine Global Finance.

The selection of the world's best private banks awards for 2017 was done on the basis of market research, input from industry analysts, executives and other users of private banking services.

Abdulnasir Al Raisi, DGM – Premier Banking, said: “Bank Muscat Private is proud to win the Best Private bank in Oman award. We acknowledge and dedicate this unique achievement to Bank Muscat Private clients for their valuable patronage in helping win this honour in recognition of excellence in private banking service."

Al Raisi added: “Bank Muscat is proud to have taken Private banking to new levels, offering end-to-end wealth management solutions by identifying global opportunities, providing prudent investments and implementing insightful strategies to deliver global expertise to high net worth clients. We remain committed to preserve, secure and grow wealth, offering an exceptional breadth and depth of wealth management solutions and investment options across geographies and asset classes, directly as well as through tie-ups with global partners of repute."

With global financial expertise and experience, the bank's team of wealth experts serve as trusted advisors to provide investment solutions that are tailored to meet the present and future needs of clients. The strategy reflects the bank's commitment to expand innovative services to Premier Banking clients and provide a distinct banking experience.

Dedicated wealth advisors work closely with each Bank Muscat Private client to evaluate personal financial objectives. The process begins by outlining goals and shortlisting innovative instruments to achieve the best long-term growth on assets. Right through the various phases of the journey through wealth, the bank ensures that innovative strategies accommodate the changing needs of clients.

Bank Muscat Private provides a wide range of wealth management solutions, including investment, wealth structuring, advisory and banking across multiple jurisdictions around the globe and diverse asset classes. The wealth management strategy is built on the key pillars of relationship, a wide array of investment products and niche banking services.

The global reach offers Private banking clients the advantage of investing in different geographies and across different asset classes like mutual funds, equity, fixed income, real estate and commodities. Dedicated experts analyse the list of identified investments in detail and monitor activity in each asset class and sector.

Structured investment solutions are customised according to personalised needs of clients. For discretionary portfolio management services, wealth advisors work with clients to define a wealth management model that respects individual risk profile while a dedicated portfolio manager delivers a tailor-made solution for regional and global markets.

The referral services offered by Bank Muscat Private stem from tie-ups with global partners of repute for offshore banking, direct real estate and insurance services.

The Private Banking services include conventional accounts, term deposits, currency exchange, domestic and international transfers, online banking and regular asset monitoring. Bank Muscat Private clients have access to exclusive credit card, debit card and cheque books. Luxury car and yacht finance is also available exclusively for Private clients who are also eligible for competitive rates for deposits, loans and foreign exchange.

Private banking clients enjoy 1 per cent cash back rewards on all transactions made through Private Banking Visa Infinite credit card. The card also facilitates exclusive Harrods Black Card membership and Hilton Honors Gold Membership, and an unlimited access to 500+ airport lounges globally, multi-trip travel insurance and 24 hours concierge service.

The exclusive rewards and benefits lined up for Private Banking customers include high value al Mazyona prizes. The bank understands customer expectations as al Mazyona 2016 scheme offering RO 10 million in prize money is an incredible incentive for maintaining a healthy savings habit. Private Banking customers are eligible to participate in all al Mazyona prize draws, especially the upcoming year-end draw offering RO 1 million to be shared by two customers who will receive RO 500,000 each.