Category: Banking & Finance

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 […]

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 […]

Banking & Finance
Talks That Make A Difference

On 2 April 2018, Bank Sohar launched the first of a series of talks from world renowned leaders – providing a unique opportunity for everyone to gain insights and engage in dialogue with inspirational personalities on key issues. The series is titled ‘Viewpoints – Bank Sohar Chairman’s Forum’ and the first Guest Speaker was H.E. Mohammed bin Abdullah […]

Banking & Finance
Central Bank issues treasury bills worth RO35.50mn

Oman’s central bank raised OMR35.50 million by way of allotting treasury bills on Tuesday. The treasury bills are for a maturity period of 91 days, from March 14 until June 13, 2017. The average accepted price reached 99.639 for every OMR100, and the minimum accepted price arrived at 99.635 per OMR100. Whereas the average discount […]

Banking & Finance
Bank Muscat
Bank Muscat’s $500mn bond issue oversubscribed

Bank Muscat has announced the successful pricing and closure of a five-year $500mn bond issuance under its Euro Medium Term Note (EMTN) programme. The deal, which evoked a strong response from regional and international investors, was oversubscribed more than two times and carried a coupon of 4.875 per cent. Commenting on the success of the […]

Banking & Finance
Meethaq HFC
Meethaq to finance HCF’s oil field in Block 7

Meethaq, the Islamic banking window of Bank Muscat, and Hydrocarbon Finder E&P (HCF), have signed an Islamic project financing facility for the development of HCF-operated oil and gas fields in Block 7 of Oman. HCF took over the operatorship of Block 7 in April 2016, under an Exploration and Production Sharing Agreement signed with the […]