Category: Banking & Finance

Banking & Finance
Private deposits in commercial banks rise to RO12.55bn

Private deposits at commercial banks in the Sultanate at the end of February 2018 rose 0.85 per cent to OMR12.55 billion, compared to OMR12.45 billion in the corresponding period last year, according to a monthly bulletin published by the Central Bank of Oman (CBO). The gross value for these deposits, as of the end of […]

Banking & Finance
NBO Opens 24/7 Branch At Muscat International Airport

  National Bank of Oman (NBO) opened its fully-fledged airport branch within the new Muscat International Airport. Operating 24/7, the new location, was inaugurated under the patronage of Sheikh Ayman Bin Ahmed Bin Sultan Al Hosni, CEO of Oman Airports, presents an easy and convenient banking experience around the clock. The Branch, which is streamlined […]

Banking & Finance
OAB Enters Into Partnership with Emirates Airline

  Oman Arab Bank (OAB) has entered into an exclusive partnership with Emirates Airline. The partnership means that OAB Credit and Debit Card customers will now enjoy exclusive discount offerings on online ticket purchases and Emirates Holidays packages. Commenting on the new offer, Rashad Al Shaikh, DGM – Retail Banking said, “OAB has always been […]

Banking & Finance
OAB Social
Oman Arab Bank Wins Award for Innovative Banking Solutions

Oman Arab Bank was presented the award for Excellence in Innovative Banking Solutions at the New Age Banking Summit 2018 held at the Sheraton Hotel on 30th April. His Excellency Tahir Salim Al Amri, Executive President, Central Bank of Oman was the Chief Guest. The event, attended by over 250 delegates, was organised by UMS […]

Banking & Finance
Top 100 CEOs in the GCC (CEO of Bank Nizwa Khalid Al Kayed)
Bank Nizwa CEO Named Top GCC CEO

Bank Nizwa CEO, Khalid Kayed recently scooped the ‘Top CEO Award’ at the Fourth Edition of the TOP CEO Awards & Conference 2018. Held at King Abdullah Economic City in Saudi Arabia, the awards celebrated business leaders and senior executives across the Gulf Cooperation Council (GCC). The event was attended by industry pioneers and more than 30 thought leaders from across the Middle East to address and discuss the challenges facing the corporate world today.

Banking & Finance
Meethaq signs agreement with Azimut
Meethaq teams up with Azimut to promote Global Sukuk Fund in Oman

Meethaq, pioneer of Islamic banking in Oman from Bank Muscat, and the Azimut Group, signed an exclusive partnership to promote the Global Sukuk Fund (GSF) in Oman. Sulaiman Al Harthy, Deputy Chief Executive Officer, Islamic Banking, and Sergio Albarelli, Chief Executive Officer of Azimut Group, signed the agreement at the Bank Muscat head office. “Meethaq […]

Banking & Finance
Bank Muscat
Bank Muscat posts RO44.81mn net profit

Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary results for three months ending March 31, 2018. The bank posted a net profit of OMR44.81 million for the period, compared to OMR44.23 million reported during the same period in 2017, an increase of 1.3 per cent. The bank’s net interest income from […]

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 […]