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Bank Muscat wins prestigious Private Banking award for third consecutive time

MUSCAT, 1 June 2020

Bank Muscat Private has won EMEA Finance’s Best Private Bank in Oman award for the third consecutive time. The prestigious award recognised the unique and exceptional offerings from the Sultanate’s premier banking service for high net worth individuals. Bank Muscat Private is the Sultanate’s premier end-to-end wealth management solutions provider to high net worth clients. The investment offerings cover global markets and all asset classes, through a robust execution platform administered by experienced and dedicated Relationship Managers.

Abdulnasir Al Raisi, DGM – Premier Banking, said: “We are delighted to receive the third consecutive endorsement from EMEA Finance, which reflects the consistency of performance and the innovative strategies pursued by the bank to stretch operational excellence. For over 18 years the high-end lifestyle benefits and banking facilities available to our Private Banking clients are unmatched in the Sultanate. This global accolade acknowledges the highest standards of professionalism, which have been achieved by Bank Muscat Private as well as the exceptional breadth of our wealth-management solutions.”

Bank Muscat offers Private Banking clients a complete suite of investment options in global asset classes through its wealth-management platform and tie-up with international counter parties. The range of solutions offered to clients includes stocks, bonds, ETFs and mutual funds; across global markets. Bank Muscat Private Banking also offer selective exposure to private equity funds, real estate funds and commodity ETFs; offshore banking and portfolio management through reputed global counterparties.

Bank Muscat Private Banking also sends regular research reports to its customers as part of new initiatives to improve customer experience. These reports cover investment ideas, global macroeconomic outlook and updates on key economic and geographic events impacting performance of various asset classes.

The Private banking services also include conventional accounts, term deposits, currency exchange, domestic and international transfers, online banking and regular asset monitoring. Exclusive Private banking VISA Infinite credit card, VISA Platinum debit card, luxury car finance and yacht finance are available for Private banking clients along with competitive rates for deposits, loans and foreign exchange.

Private banking clients enjoy 1% cashback rewards on all transactions made through Private Visa Infinite credit card. The card also facilitates exclusive Hilton Honors Gold Membership, unlimited access to 1,000+ airport lounges globally, complimentary chauffeur service to and from Muscat International Airport, special offers at over 900 luxury hotels around the world, multi-trip travel insurance and Global Concierge Service.

The additional rewards and benefits for Private clients include high value Al Mazyona prizes. Private customers are eligible to participate in all the prize draws offering a total of RO 11 million in prize money in 2020. Bank Muscat remains committed to expand innovative services to Premier banking clients and provide an exclusive banking experience.