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Emeafinance honours BankMuscat with 4 top awards

Best Bank, Best Asset Manager, Best Investment Bank, Best Broker

MUSCAT, 5 March 2011 – BankMuscat, the flagship financial institution in the Sultanate, won four awards - Best Bank in Oman, for the fourth year running, Best Asset Manager and Best Broker in Oman, for the third year running, and Best Investment Bank in Oman - at the recent Emeafinance Middle East Banking awards ceremony. The awards highlighted BankMuscat's performance excellence and strategic initiatives.

Ali Said Ali, DGM – Asset Management and Private Banking, said: “BankMuscat is focused on strategic initiatives that help sustain its growth trajectory. We are delighted to note that all our efforts are being noticed and acknowledged as well with the Bank receiving almost all the prestigious foreign, regional and local awards and accolades. Consistently winning prestigious global awards helps BankMuscat to set benchmarks in performance. Year on year, the Bank adopts new initiatives to stretch its operational excellence."

The Emeafinance awards in recognition of excellence in banking across the Middle East region were presented at a ceremony in Dubai attended by senior bankers.

Abdullah Al Hinai, DGM – Investment Banking, said: “Time and again, the Bank's performance has been lauded by the global banking community for several years and we are delighted to receive yet another endorsement from Emeafinance. A keen perception of customer requirements enables the Bank to remain focused on developing products and services in line with the current and emerging needs."

BankMuscat Asset Management Department (AMD) is one of the largest fund managers in the region and enjoys a dominant position being the first fund house in Oman with funds rated by Standard & Poor's.  BankMuscat AMD offers a unique opportunity to invest in the local and GCC market through BankMuscat Muscat Fund and BankMuscat Oryx Fund product offerings. Both the funds are rated 'AA' by Standard and Poor's (S&P).

The strong performance of the Investment Banking team is a testimony to the exceptional execution skills and franchise of BankMuscat in delivering innovative financial solutions. The team has led from the front in developing and delivering products and new ideas which help in the growth of capital markets.

The BankMuscat Brokerage department has earned a strong reputation for offering sound advice to domestic and foreign clients. With expertise in equity research and a wide network of investors, it is the broker of first choice among foreign institutions investing in Oman.