Bank Information of the World - O



Oman
1.       Bank Muscat - 
       With assets worth over USD 20 billion, bank muscat is the leading financial services provider in Oman with a strong presence in Corporate Banking, Retail Banking, Investment Banking,Islamic Banking, Treasury, Private Banking and Asset Management. The Bank has the largest network of 138 branches, 430 ATMs, 163 CDMs and more than 9000 PoS terminals. The international operations consist of a branch each in Riyadh (Kingdom of Saudi Arabia), Kuwait and a Representative Office each in Dubai (UAE) and Singapore. bank muscat currently owns 97% stake in Muscat Capital LLC, a brokerage and investment banking entity in Saudi Arabia.

        Address : P.O. Box No.134 Muscat, Oman.
        Website : www.bankmuscat.com, Phone number : 968-2476-8046
2.       Central Bank of Oman - 
        Functions
        - The Central Bank of Oman acts as the depository agency for the Government of the Sultanate of Oman. 
        - It’s also the regulator of the Oman’s commercial banks, specialized banks and finance and leasing companies.      
          Money exchange houses also are regulated by the Central Bank of Oman.
        - It makes advance payments to the Government in respect to temporary deficiencies in recurrent revenues. 
        - It  manages loans on behalf of the Government. 
        - It maintains, at all times, a part of the Sultanate's foreign assets as cover for the currency in circulation at   
          prescribed ratios. 
       - It accepts deposits from banks operating in the Sultanate and from other foreign Central Banks, International    Monetary and Financial Institutions. There are two types of deposits that the Central Bank of Oman accepts from  commercial banks: deposits which are required by the Banking Law or sanctioned by the Board of Governors and  voluntary deposits which are deposited by banks' own will with a view to gain the benefits attached to such    deposits. 
       - It advances credit to local banks and engages in investment activities through the purchase and sale of financial   instruments. 
      - It determines discount and rediscount rates. 
      - It provides clearing house services for all member banks. 
      - It issues the national currency, supervises its circulation, preserves its value and manages foreign assets.
      - In addition to the above mentioned traditional functions, the Central Bank of Oman also acts as the advisor of the  Government in economic matters in general and monetary and financial matters in particular. 
      Address : P.O. Box 1161, Muscat, Oman.
      Website : www.cbo-oman.org, Phone number : 968-24-777-777
3.    National Bank of Oman - 
      National Bank of Oman the first local bank was founded in 1973 and is today one of the largest banks in Oman 
      with a paid up capital of RO (Omani Rials) 110.8 million (US$ 288 million) and a regulatory capital of RO 345.3 
      million (US$ 897 million), as at 31st December, 2012.
      The Bank has achieved many accolades over the years including
      “Best New Retail Product Award’ by CPI Financial – Banker Middle East Product Awards 2013.
      “Excellence in Banking- Oman” award 2013, within the Third Edition of the “Global Prize for Excellence”, awarded by the renowned International Alternative Investment Review “IAIR” Magazine
      ‘Oman Asset Manager of the Year’ Award 2013, awarded by Middle East and North Africa (MENA) Fund Manager Magazine, for excellence in Asset Management.
      ‘ Best Retail Bank in Oman 2012 ’ by the Asian Banker Excellence in Retail Financial Services Awards Programme
       Bank of the Year – Oman’ award for 2012, by The Banker Magazine, U.K.
       Best Institution in the Field of Social Responsibility in Oman”, 2012.
       Developing Sustainable Strategies Award' at the Asian CSR Leadership Awards 2012.
       Hawkamah Bank Corporate Governance – ‘Honorable Mention’ Award 2012
       Best Retail Bank in Oman 2011’ by the Asian Banker Excellence in Retail Financial Services Awards Programme
       First Runner Up – Banking Category- ‘2nd Corporate Governance Excellence Award 2011’, organised by Capital 
       Market Authority (CMA).
       2010 Distinguished Corporate Governance Practices Award’ for the third consecutive year from the Institute of 
       Corporate Governance (Hawkamah) and the Union of Arab Banks (UAB).
       Best Current Account’ Award - The Banker Middle East Product Awards 2010.
       Best Mortgage Product Award' accolade by The Banker Middle East Magazine 2008.
       NBO is committed to fulfilling the financial needs of its customers and constantly endeavours to make banking 
       more enjoyable and convenient.
       The Bank serves its customers in Oman through 66 Branches and 173 ATM’s and CCDM’s as well as 1 branch in Egypt and 1 in U.A.E. NBO’s Call Center enables customers to enjoy banking services 365 days of the year.
        Wholesale Banking Group, delivers a wide range of services including term loans, working capital facilities, import and export financing, asset and project financing plus comprehensive cash management services.
        The Bank’s Corporate Internet Banking Service S@ma is a VeriSign (one of the topmost security agencies in the world) certified secure site accessible through a highly secure dynamic password authentication process. - https://www.sama.natbankoman.com.
        Investment Banking Division activities embrace discretionary portfolio management services, brokerage operations, asset management, distribution of mutual funds, lead management of public equity and bond issues plus domestic and international investment advisory services. The Bank also offers cutting edge treasury solutions to meet the growing business demands of our valued institutional, corporate and private banking clients.
        The Bank offers cutting-edge financial solutions, designed to keep pace with businesses as well as tailor-made to meet individual needs. Whether it is financial requirements within the Sultanate of Oman or beyond, the Bank has the people, the expertise and the technology, to be your trusted partner, in everything that you do.
        NBO is committed to community investment through its corporate social responsibility activities with emphasis on five focus areas including health and human services, arts and culture, education, environment and women and youth.
        Address : P.O. Box 751, Muscat, Oman.
        Website : www.nbo.co.om, Phone number : 968-24-8007-7077

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