Category: Best Banks in Oman Survey 2017

Best Banks in Oman Survey 2017
Strong supervisory framework

The OER-GBCM Best Bank’s in Oman survey 2017 shows a robust performance by the banking sector despite strong headwinds Banking sector regulations and reforms by the Central Bank of Oman (CBO) has resulted in a strong and resilient banking system in the Sultanate over the years. Adherence to a strict and disciplined monetary policy, risk-based […]

Best Banks in Oman Survey 2017
Helping national goals

  HE Hamood Sangour Al-Zadjali, Executive President, Central Bank of Oman, shares his views on the progress made by the Sultanate’s banking industry in an exclusive interview to OER   How was the banking sector’s performance in Oman during 2016? Notwithstanding the challenges facing the Omani economy, the banking sector remained robust supporting economic diversification […]

Best Banks in Oman Survey 2017
Bank Dhofar-1
Winning streak

Abdul Hakeem Omar Al-Ojaili, Acting CEO, BankDhofar talks about various initiatives that has enabled the bank to emerge as the numero uno. Mayank Singh reports   Can you give us a brief overview of BankDhofar’s performance in 2016? The bank continued to grow in all key areas in the year 2016 despite the current economic […]

Best Banks in Oman Survey 2017
NBO (1)
Ahead of the curve

Ahmed Al Musalmi, CEO, National Bank of Oman, says that the bank has been able to deliver superior value and experiences to its customers and employees, by investing heavily in people and systems and improving its processes How was National Bank of Oman’s financial performance in 2016? It has been three years since NBO implemented […]

Best Banks in Oman Survey 2017
Bank Muscat-1
Wholistic banking experience

AbdulRazak Ali Issa, Chief Executive, Bank Muscat talks about the all-round performance of the bank in financial year 2016. An OER interview How was your bank’s financial performance in 2016? Bank Muscat maintained leadership with a 38 per cent market share of assets and posted a net profit of RO176.56mn for the year ended December […]

Banking & Finance
Organic growth

In 2016, ahlibank made significant investments to increase products and services and to upgrade and strengthen the core banking systems. Excerpts from an interview with CEO, Lloyd Maddock How was ahlibank’s financial performance in 2016? At the outset I must commend the entire ahlibank team for pulling together, to serve our customers during some challenging […]

Banking & Finance
Bank Nizwa
Consolidating its position

Bank Nizwa marked a significant milestone in 2016 by achieving net profit in the fourth year of its operations. CEO, Khalid Al Kayed, talks to Muhammed Nafie about the bank’s financial achievements, operational excellence and the growth prospects for Oman’s Islamic banking industry How was Bank Nizwa’s financial performance during the year 2016? The year […]

Banking & Finance
Bank Sohar
On a strong footing

Sasi Kumar, Acting CEO, Bank Sohar says that the bank has built tremendous brand equity winning customer trust over the last ten years of its operations. Mayank Singh reports What are your thoughts when you look back at financial year 2016? 2016 was a challenging year. There was issues relating to liquidity and uncertainty in […]

Banking & Finance
Transformation process

Oman Arab Bank is working on controlling costs and improving processes to achieve better operational efficiency, says Amin Al Husseini, CEO.  An OER report How was Oman Arab Bank’s financial performance in 2016? The year 2016 was a challenging year for the region, primarily due to the prevailing low oil prices. However, with significant development […]

On a growth trajectory

Alizz Islamic Bank maintained a strong balance sheet in 2016 In response to market conditions, Alizz Islamic Bank has carefully reviewed its credit policies to avoid sectors that were more vulnerable to volatile conditions and mobilised deposits aggressively to remain liquid at all times. This strategy has helped the bank maintain a strong balance sheet. […]