Bank Muscat, the flagship financial institution in the Sultanate, posted a net profit of RO 136.2 million for the nine months ended 30 September 2015 compared to RO 126.7 million reported during the same period in 2014, an increase of 7.5 per cent.
Category: Banking & Finance
Bank Muscat, the flagship financial services provider in the Sultanate, has won the Best Bank in Middle East and Africa for Liquidity Risk Management award by the Asian Banker. The bank is the first in the region to win this prestigious award from the Asian Banker.
Oman will open subscriptions on Thursday for its first sovereign issue of Islamic bonds, taking a major step to develop its Islamic finance industry and giving the government a fresh channel to raise money.
NCR Corporation, (NYSE: NCR), the global leader in consumer transaction technologies, announced that Oman Arab Bank – one of Oman’s leading banks, has selected NCR APTRATM Activatesoftware to deliver next generation omni-channel banking experience.
Khalid Al Hokani, Head of IT at alizz Islamic Bank, highlights the evolution of information technology as an enabler of business, innovative e-banking services introduced by the bank and the necessity to keep abreast of the new digital wave, in an interview with Muhammed Nafie.
The issuance of Oman’s first sovereign Sukuk will not only provide Islamic banks and takaful companies in the country with an investment avenue but also create a benchmark for the nation’s potential borrowers to access it, says Hussain Ghaleb Al Yafai, Head, of Corporate and Institutional Clients and Head of Financial Markets, Standard Chartered Bank Oman. Muhammed Nafie reports.