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Best Bank in Oman awarded to Bank Muscat by Euromoney

MUSCAT, 14 June 2014 – Bank Muscat, the flagship financial services provider in the Sultanate, has won the 'Best Bank in Oman' award by Euromoney. Omar Al Musafir, Chief Representative Officer (Dubai), received the prestigious Euromoney Award for Excellence at a ceremony held in Dubai. This is the 12th time the leading global financial magazine is endorsing Bank Muscat as the 'Best Bank in Oman'.

AbdulRazak Ali Issa, Chief Executive, said: “Time and again, the performance of Bank Muscat has been lauded by the global banking 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. 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.  Going forward, Bank Muscat will ensure it retains the competitive edge in the market."

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

Being the leading financial services provider in the Sultanate, Bank Muscat has put in place robust policies and procedures to achieve global best practices. The bank 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 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 regional and global institutions.

Euromoney evaluated the bank's product mix, financial performance, asset and revenue quality, customer satisfaction, IT systems and offerings. The bank's endeavour to achieve and sustain quality products and services have helped it gain recognition from the regional and global financial community for several years in a row.

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 excel