BankMuscat, the Omani premier bank 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 this 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).
Global Finance has 50,000 subscribers and more than 25,000 readers in over 158 countries. This audience includes chairmen, presidents, CEOs, CFOs, treasurers, and other financial officers responsible for making investments and strategic business decisions for large global companies and financial institutions. This is the twelfth year that the magazine has selected top banking performers in emerging markets.
