MUSCAT, 17 June 2016 – Bank Muscat, the flagship financial services provider in the Sultanate, has won the 'Best Bank in Oman' award by Euromoney. The prestigious award in recognition of outstanding contributions to the banking sector in Oman and the region was based on evaluation of a series of criteria, including the product mix, financial performance, asset and revenue quality, customer satisfaction, IT systems and offerings.
Omar Al Musafir, Chief Representative Officer, UAE Representative Office, received the award at the high profile Euromoney Awards for Excellence 2016 ceremony held in Dubai in the presence of top banking and corporate leaders of the region.
AbdulRazak Ali Issa, Chief Executive, said: “Time and again, the performance of Bank Muscat has been lauded by the global banking media community and we are delighted to receive yet another endorsement from Euromoney reflecting the consistency of performance and the innovative strategies which have cemented the bank's reputation in a tough market. Year on year, the bank adopts new initiatives to stretch its operational excellence. The award highlights the standards of professionalism that we have achieved in our banking activities carried out in accordance with international norms, standards and practices. Going forward, Bank Muscat will ensure it retains the competitive edge in the market."
As the flagship bank in Oman, 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 bank is endowed with a deep understanding of customer needs, offering expertise and financial 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.
Euromoney awards are recognised as one of the most prestigious international banking awards given to institutions that demonstrate leadership, innovation and momentum in the markets in which they operate.
bank muscat, the flagship financial institution in the Sultanate, announced its preliminary results for the six months ended 30th June 2016. The Bank posted net profit of RO 90.47 million for the period compared to RO 89.82 million reported during the same period in 2015, an increase of 0.7 per cent.