Euromoney awards Bank Muscat the 'Best Bank in Oman' title

Times of Oman

7 hours ago

Muscat: In recognition of its outstanding achievements and leadership in providing best-in-class banking services and facilities to both individual and corporate customers, Bank Muscat, the leading financial services provider in the Sultanate of Oman, has been honored with the Best Bank in Oman Award at the Euromoney Awards for Excellence, a globally renowned platform that recognizes top performing institutions. This accolade marks another milestone in the Bank's distinguished journey spanning over four decades, underscoring its pioneering role in the country's banking sector and its continued excellence in delivering innovative financial solutions across the region. The award was granted based on Euromoney's stringent eligibility and selection criteria, which include the Bank's financial performance over the past year, market capitalization, sales volume, asset size, profitability, and the Bank's contribution to product development and the delivery of banking services and facilities.
This recognition highlights Bank Muscat's pivotal role in advancing the financial landscape through a broad suite of banking services, facilities, and solutions tailored to meet evolving customer needs and enhance their banking experience. It also reflects the Bank's wider contributions to society and the national economy, notably through its sustainability and corporate social responsibility (CSR) initiatives. These efforts support key areas such as education, entrepreneurship, and youth empowerment, embodying the Bank's holistic vision and integrated role in driving sustainable development. These contributions reflect the Bank's pioneering roles beyond its conventional roles as a leading financial services provider, aligning with the national objectives outlined in Oman Vision 2040.
Bank Muscat holds a prominent position not only in Oman but also in the wider Middle East region. Its commitment to addressing the diverse banking needs of its customers is evident in its continuous development of products and services that align with current and future expectations. The Bank also places a strong emphasis on human capital development, offering a wide range of training and professional development opportunities to its workforce comprising over 4,000 employees, all dedicated to delivering top-tier service.
In the corporate space, Bank Muscat maintains a strong presence, serving customers from large corporates and SMEs across various sectors, including investment, treasury, asset and wealth management, and private banking. It also operates the largest network of branches and ATMs in the Sultanate, with 190 branches and approximately 900 ATMs, cash deposit machines, and multifunctional banking devices spread across all governorates. This network provides a wide range of accessible banking services to the Bank's diverse customer base.
The Bank plays an integral role in promoting financial inclusion through its innovative services and products, developed in line with global banking trends. It has also made significant investments in enhancing its digital channels, offering an expanded suite of online and mobile banking services that have seen widespread adoption due to their convenience, time-saving features, and ability to meet customer expectations.
Bank Muscat continues to earn accolades from local, regional, and international financial communities for its exceptional performance, commitment to service excellence, and significant contributions to digital transformation and corporate responsibility. Recently, the Bank was ranked amongst Forbes Middle East Top Companies 2025, received the Best Bank in Oman Award from Global Finance, was named the Best Digital Bank in Oman by Euromoney, and earned the Best Bank in Oman for Sustainable Development Award at the Finance Derivative Awards Program.