BankMuscat

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BankMuscat
Type Public
Industry Finance and Insurance
Founded Muscat
Headquarters Muscat, Oman
Key people AbdulRazak Ali Issa, CEO
Products Financial Services
Revenue Increase US$ 961.0 Million (2011)[1]
Net income Increase US$ 305.3 Million (2011)
Total assets Increase US$ 18.7 Billion (2011)
Employees 3,024
Website www.bankmuscat.com

BankMuscat is the leading financial services provider in the Sultanate of Oman with a strong presence in Corporate Banking, Retail Banking, Investment Banking, Treasury, Private Banking and Asset Management. The bank, with assets worth over US$15 billion, has the largest network in Oman exceeding 130 branches, 386 ATMs, 131 CDMs and 4500 PoS terminals.

The international operations consist of a branch each in Riyadh, Saudi Arabia and Kuwait and a representative office in Dubai, UAE. BankMuscat currently owns 49% of BMI Bank B.S.C ©, an independent bank in Bahrain. The Bank also has a 43% stake in the Mangal Keshav Group, one of the oldest and most respected securities houses in the fast-growing Indian equities market, 97% stake in Muscat Capital LLC, a brokerage and investment banking entity in Saudi Arabia, besides a stake in Silkbank Ltd. in Pakistan.

BankMuscat holds the rare distinction of being voted the ‘Best Bank in Oman’ for seven years by The Banker, FT London; nine years in a row by Global Finance and Euromoney. BankMuscat is the recipient of the prestigious Hewitt recognition as the Middle East’s Best Employer 2009. The Bank was declared an Investor in People (IiP) organisation in January 2007, becoming the first banking organisation in the MENA region to be awarded the prestigious global recognition. In 2004, BankMuscat became the first bank in the Middle East to be completely ISO 9000:2000 certified.

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