Muscat: Bank Muscat, the flagship financial services provider in the Sultanate, was ranked the 'Best Bank in Oman' for the fourth consecutive year by Business Today magazine.
The bank won the top position in the 2013 banking survey conducted by Ernst & Young, exhibiting the best performance in return on capital, tighter controls on non-performing loans (NPLs) and healthy growth in deposits, says a press release.
"The top ranking highlights Bank Muscat's performance and strategic initiatives which have helped sustain its growth trajectory. We are delighted that all our efforts are being noticed and acknowledged as the bank is the recipient of almost all the prestigious foreign, regional and local awards and accolades.
"Consistently winning prestigious awards helps Bank Muscat to set benchmarks in performance. Year on year, the bank adopts new initiatives to stretch its operational excellence. Going forward, the bank will ensure it retains competitiveness while at the same time boosting earnings without compromising on product and service quality," said AbdulRazak Ali Issa, Chief Executive, Bank Muscat.
As an established bank with a fast-growing network, Bank Muscat aims to deliver reliable, dynamic and innovative banking services. It draws on the expertise from within to provide customers with the best banking products and services.
The award recognises the bank's efforts and goal to maintain its leadership position.
Being the leading financial services provider in the Sultanate, Bank Muscat has put in place robust policies and procedures to achieve global best practices.
The bank 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 expertise and financial guidance at all levels.
A multi-award winning organisation, Bank Muscat holds the rare distinction of being consistently voted the 'Best Bank in Oman' by all leading regional and global institutions.