Bank Muscat, the flagship financial institution in the Sultanate, on Wednesday (28 October 2015) announced the Q3 financial results, approved by the board of directors. The bank posted a net profit of RO 136.2 million for the 9-month period ending 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
National Bank of Oman announced the lucky winners of OMR85,000 cash prize at a special Al Kanz draw ceremony to mark the Omani Women’s Day. At an exclusive ceremony held in the presence of Sayyida Rawan bin Ahmed Al Said, Director at National bank of Oman, the bank’s 17 female customers were named the winners with each receiving OMR5,000 cash prize.
National Bank of Oman today announced that it has won three prestigious awards at the recently held Banker Middle East Oman Product Awards 2015. At the awards ceremony, NBO walked away with three coveted awards, including Best Loan offering and Best Mortgage product in the Sultanate.
As the nation celebrates the 45th National Day, BankDhofar has launched a digital competition that provides a platform for the public to express their love for His Majesty Sultan Qaboos bin Said through creative designs and arts work.
National Bank of Oman today announced that it was named Best Trade Finance Bank in the Sultanate of Oman 2015 during the Third Annual Middle East and Africa Awards Ceremony. The ceremony was held at the Park Hyatt, Saadiyat Island in Abu Dhabi on October 6th 2015.
In further recognition of its excellence and pioneering of nationwide business initiatives, BankDhofar has been awarded the “OER Top 20 Oman’s Largest Corporates” at the annual ‘OER Finance Summit & Top 20 Awards’ that was organised by United Media Services (UMS).
Total assets of conventional commercial banks increased by 14.7 per cent to OMR27.9 billion in August, compared to OMR24.3 billion a year ago, said the Central Bank of Oman (CBO). Of the total assets, credit disbursement accounted for 46.6 per cent and increased by 10.6 per cent as at the end of August 2015 to OMR18 billion.
Remittances to India are projected to increase by 2.5 per cent this year, the World Bank has said in its latest report, even as weak economies in Europe, especially Russia, are slowing the growth of remittance flows.
Bank Muscat, the flagship financial services provider in the Sultanate, in step with its ‘Let’s Do More’ vision and commitment to partnership in women empowerment initiatives, celebrated the Omani Women’s Day with a series of activities.
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.