MUSCAT, 13 August 2020
Bank Muscat, the flagship financial services provider in the Sultanate, has won ‘Oman’s Best Bank’ award from Euromoney. The award was presented to the Bank after a thorough evaluation by the judges based on a number of different criteria including the product mix, financial performance, asset and revenue quality, customer satisfaction, and digital offerings. The prestigious award adds to the list of accolades and achievements by the Bank.
This recognition is the result of the bank’s adoption of global best practices and its customer-centric approach in banking. The bank continues its pursuit of enabling sustainable growth and development of Oman’s economy. Bank Muscat has won multiple awards in the recent past including being chosen as the Best Bank in Oman by the editors of a number of prestigious international journals and publications. Award winners were chosen by the editors after extensive consultations with corporate financial executives and bankers, banking consultants and analysts across the world.
The award criteria included growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Earlier in 2020, Bank Muscat was listed by Forbes Middle East as one of the Top 100 companies in the entire region and also won the Best Local Bank award from EMEA Finance. The Bank was also named as the Best Private Bank in Oman by The Banker and the Best Trade Finance Bank in Oman by Global Trade Review. It also won the Channel Innovation Award at the Infosys Finacle Client Innovation Awards.
Bank Muscat, which is the largest bank in Oman by total assets and the only one to be designated as a Domestic Systemically Important Bank (D-SIB), has consistently demonstrated its leadership in position in Oman. Going forward, the Bank is focused on sustaining its competitiveness without compromising on product and service quality. Driven by robust policies to achieve global best practices, the Bank is focused on strategic initiatives to confront challenges and further increase its market share.