Islamic banks and window operations in the Sultanate affirmed that there are good opportunities for their growth in 2015 and 2016, thanks to the growing turnout for Sharia-compliant financial products.
Category: Banking & Finance
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, launched a new initiative aimed at highlighting the role of Islamic finance in the economic development of Oman
Bank Muscat, the flagship financial services provider in the Sultanate, in partnership with INSEAD, the leading international business school, recently conducted INSEAD’s customised strategic management programme entitled ‘Strategy for Growth and Long-term Value Creation’.
As part of its digital expansion strategy, Bank Nizwa released its dedicated mobile app for Android and iOS phones and tablets to provide customers with greater banking accessibility through a wide range of user-friendly services. With the convenience of the app, users can instantly and securely manage their finances 24 hours a day, seven days a week.
Bank Muscat, the flagship financial services provider in the Sultanate, as part of its ‘Let’s Do More’ vision and commitment to partnership in sustainable development, launched a unique paper recycling and waste disposal programme at the head office.
HSBC Bank Oman S.A.O.G. announced today that it is doubling the size of its SME-focused International Growth Fund, initially launched last year. HSBC is committing an additional OMR 20 million to Oman’s international and internationally aspirant SMEs, bringing the total value of the Fund to OMR 40 million.
National Bank of Oman (NBO) has mandated five leading banks to arrange investor meetings starting tomorrow ahead of a potential capital-boosting bond sale. In a statement to the Muscat Securities Market, the bank said it has mandated Bank of America-Merrill Lynch, Citigroup, Credit Agricole, National Bank of Abu Dhabi and Standard Chartered for the potential offering.
The international credit rating agency Capital Intelligence (CI) on Tuesday said that it has affirmed Oman-based Ahli Bank’s financial strength rating (FSR) at ‘BBB’, in view of the bank’s very sound loan asset quality.