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Bank Muscat wins top ranking in Best Bank in Oman survey

MUSCAT, 5 September 2017 — Bank Muscat, the flagship financial services provider in the Sultanate, has won the top ranking as Best Bank in Oman in a prestigious annual survey covering the banks in Oman. Bank Muscat recorded the best performance in Return on Capital (ROC), Earnings Per Share (EPS) and net profit to win the top ranking in the 2016 Business Today-EY Best Banks and NBFCs survey.

AbdulRazak Ali Issa, Chief Executive, said: “Bank Muscat is delighted to be endorsed once again for its leadership and win the top ranking in recognition of strategic initiatives and performance excellence which have helped sustain its growth trajectory. The bank is the recipient of almost all prestigious foreign, regional and local awards and accolades. Consistently winning prestigious awards helps Bank Muscat to set benchmarks in performance and adopt new initiatives to stretch operational excellence. Going forward, the bank is focused on sustaining competitiveness without compromising on product and service quality."

As an established bank with a fast-growing network, Bank Muscat aims to deliver reliable, dynamic and innovative banking services. The bank draws on its expertise to provide customers with the best banking products and services. The award recognises the bank's efforts and goal to maintain its leadership position.

Bank Muscat is a leader in using technology to make financial services more efficient. Financial technology (Fintech) is changing the future of banking and Bank Muscat has seamlessly progressed from traditional to innovative digital banking to enhance customer experience, reengineer business / operations and achieve growth. The alternate banking channels reiterate the focus and commitment of Bank Muscat in adding value and engaging customers through their preferred electronic banking channels.

Driven by robust policies to achieve global best practices, Bank Muscat is focused on strategic initiatives to confront challenges and further increase its market share. The bank prides itself in its deep understanding of customer needs, offering financial expertise and guidance at all levels. A multi-award winning organisation, Bank Muscat holds the rare distinction of being consistently voted the 'Best Bank in Oman' by all leading local, regional and global institutions.

The dynamic 'Let's Do More' vision roadmap reflects the readiness to face future challenges and sums up the bank's confidence and determination to stretch the boundaries in banking excellence.