AbdulRazak Ali Issa, chief executive, Bank Muscat said: “Time and again, the performance of Bank Muscat is endorsed by the global banking community and we are delighted to receive a major endorsement of four awards from EMEA Finance reflecting the consistency of performance and the innovative strategies which have cemented the bank’s reputation in a tough market. Every year, the Bank adopts new initiatives to stretch its operational excellence.
“Stemming from its flagship position, Bank Muscat aims to deliver reliable, dynamic and innovative banking services. Driven by robust policies to achieve global best practices, Bank Muscat is focused on strategic initiatives to confront challenges and further increase its market share. The bank prides itself in its deep understanding of customer needs, offering financial expertise and guidance at all levels. Going forward, Bank Muscat will ensure it retains the competitive edge in the market,” Issa added.
Bank Muscat Investment Banking division is the market leader renowned for innovative transactions. The Private Equity and Asset Management division is among the leading asset managers in the GCC with a total AUM in excess of over US$2bn. Bank Muscat Private Banking provides comprehensive bespoke solutions to preserve, secure and grow wealth of premier customers.
Bank Muscat posted a net profit of RO176.56mn for the year ended 31 December 2016 compared to RO175.45mn reported during the same period in 2015, an increase of 0.6 per cent.