Category: Best Banks in Oman 2018 Survey

Banking & Finance

Ahlibank maintained a steady performance despite strong headwinds in 2017, says CEO, Lloyd Maddock   How was Ahlibank’s financial performance in 2017? On the whole it was satisfactory. From the bank’s point of view the level of funding increased, delinquencies and provisions increased. We saw higher delinquencies in the consumer lending book while the corporate […]

Banking & Finance
Bank Dhofar
Consistent performance

BankDhofar is using state-of-the-art technology to delivers easy access to banking transactions and services on-the-go, says CEO, Abdul Hakeem Al Ojaili – CEO of BankDhofar What were the major milestones during the year? Can you talk about the measures to enhance retailing, ATM and CDM networks of the bank? BankDhofar continued providing value-added products and […]

Banking & Finance
Bank Muscat
Customer centricity

Abdul Razak Ali Issa, Chief Executive, Bank Muscat shares his thoughts on the bank’s performance and future plans. An OER report How did Bank Muscat fare financially in 2017? Bank Muscat posted a net profit of RO176.82mn for the year ended December 31, 2017 compared to RO176.56mn reported during the same period in 2016, an […]

Banking & Finance
Innovation-driven approach

Sayyid Wasfi Jamshid Al Said, Acting CEO, National Bank of Oman says the bank’s unwavering performance has enabled it to continue delivering innovation and excellence in addition to playing a leading role in supporting Oman’s socio-economic progress How was National Bank of Oman’s overall performance in 2017? 2017 has been a challenging year, given global […]

Banking & Finance
Enhancing operational efficiencies

Andrew Long, CEO, HSBC Bank Oman argues that technology is going to be a game changer for the banking industry If you were to sum up HSBC Bank Oman’s performance in 2017, how would describe it? In terms of our internal performance, we had some very large transactions on the wholesale side, both in the […]

Maintaining growth momentum

Alizz Islamic Bank witnessed a solid growth in all core business areas in FY 2017 Alizz Islamic Bank achieved its first major milestone by achieving a net profit of RO154,000 for the first time since its inception during the fourth quarter of the year and it is well positioned to show even better results in […]

Banking & Finance
Oman Arab Bank
Strong showing

Rashad al Musafir, Acting CEO, Oman Arab Bank says that bank’s performance in 2017 was the result of a carefully crafted business plan and the quality of its assets How was Oman Arab Bank’s financial performance in 2017? Oman Arab Bank maintained a strong performance over the course of 2017 with our net profit increasing […]

Banking & Finance
Bank Sohar
Diversifying revenue streams

Sasi Kumar, Acting CEO, Bank Sohar says the focus on fundamentals and best practices helped the bank deliver on customer expectations. An OER report How was Bank Sohar’s financial performance in 2017? Bank Sohar’s 2017 performance was catalysed by rapid progress on all business fronts, despite a range of economic challenges posed by a sub-optimal […]

Banking & Finance
Bank Nizwa
Robust growth

Khalid Al Kayed, CEO of Bank Nizwa, talks about the bank’s performance, expansion strategy, future outlook and the Islamic banking industry in Oman Bank Nizwa is celebrating its fifth anniversary this year. Can you give us a brief overview of the bank’s performance? It has been a remarkable journey so far. We are proud of […]

Best Banks in Oman 2018 Survey
Promising prospects

The OER-GBCM Best Banks in Oman survey 2018 reflects a steady performance despite a challenging business environment The banking industry is going through a process of rapid change and transformation. This is being driven by a multiplicity of factors like myriad  regulations, disruptive models and technologies, enhanced competition and customers with heightened expectations. According to […]