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NBO named Oman's 'Bank of the Year'

Muscat - 

National Bank of Oman (NBO) said it has been awarded the Bank of the Year Oman award for 2012 by the UK-based The Banker magazine.

The awards ceremony was held recently in London.

Mohammed Mahfoodh al Ardhi, NBOÕs deputy chairman, attended the ceremony and received the award from editors of The Banker magazine, and Michael Buerk, former BBC correspondent, a press release said.

Speaking on the occasion, Ardhi said, It is an honour and privilege for me to be present here today to receive this esteemed award on behalf of the bank. We are indeed very proud to be acknowledged in many diverse platforms including the international financial world.

The objective of The Banker awards programme is to reward and promote industry excellence in global banking. The judging panel, annually, selects one leading bank in each country as the bank of the year.'

Salaam al Shaksy, NBO’s chief executive officer, said, I am honoured by this award which recognises the remarkable transformation the National Bank of Oman has undergone in the last three years.

Leading up to this award, the bank has been recognised in many areas including governance, social responsibility, risk management and was also awarded the 'Best Retail Bank in Oman' by the Asian Banker Excellence in Retail Financial Services Awards Programme.

This demonstrates significant and sustainable improvement in the areas of governance and risk management, strategic and operational effectiveness and efficiency, customer-focus and market-orientation, and last but not least Ð corporate social responsibility. At NBO, it is our people who are behind the bank’s success and I am very pleased to be part of this dynamic team. It is our ultimate aim to lead the sector in terms of quality of earnings that are in turn delivered by a quality management team using state-of-the-art systems and best practices.

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