BankMuscat declared as best bank in Oman
May 02, 2005
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Client(s):
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BankMuscat (SAOG)
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BankMuscat has been declared as the ‘Best Bank in Oman’ for 2005 in a survey conducted by the New York-based magazine Global Finance Inc. This is the fifth successive year that BankMuscat has won the title.
Confirming that Global Finance had once more selected the Bank for the ‘Best Bank Award’, AbdulRazak Ali Issa, chief executive of BankMuscat said, “It is not the awards that the Bank has won that makes us proud, but in our having been able to raise our standards in terms of providing our customers the finest banking products and services year on year. BankMuscat is committed to doing this and shall continue to try and raise the bar even higher next. That having been said, we are indeed grateful to the international banking and finance community for recognizing our efforts year on year. A big thank you from everyone at BankMuscat.”
The survey, which was conducted by the editors of Global Finance, chose to identify the leading banks across the Middle East and Africa region, given the growing importance of the emerging markets in the global economy and the critical role banks play in them. Inputs from industry analysts, corporate executives and banking consultants, were also taken into account while deciding these awards, which also dwell on a bank’s overall growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products.
Winners within the AGCC region for the current year include; National Bank of Kuwait (Kuwait), Gulf International Bank (Bahrain), Qatar National Bank (Qatar), Arab National Bank (Saudi Arabia) and National Bank of Dubai (UAE).