Muscat: Bank Muscat, the flagship financial services provider in the Sultanate, has won the 'Best Trade Finance Bank in Oman' award as part of the 2012 Mena awards hosted by Global Trade Review (GTR).
The best trade finance banks across the region were selected on the basis of performance criteria, including transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.
Bank Muscat has been providing world class banking expertise to corporate houses in Oman for over a quarter century. With the best and most knowledgeable team in the country, Bank Muscat is ideally positioned to provide financial assistance to businesses, both in commerce and industry.
The team works with the customer in understanding their often-complex business needs and suggests comprehensive and integrated solutions that meet their requirements. Importers and exporters in Oman require specialist finance, including the facility to finance raw materials for processing before they sell the finished goods. Trade finance takes place in multi-stages that run into many months.
Bank Muscat is reckoned among the forerunners in trade finance services across the region. The Global Trade Services (GTS) team at Bank Muscat blends traditional financial solutions with tailor-made packages for operations, ensuring prompt payments, managing liquidity and minimising exchange rate risk.
To meet the challenging demands of exporters, importers and local traders, Bank Muscat offers customised solutions with its strong global network.
Bank Muscat issues Letters of Credit (LCs), various types of guarantees and standby LCs as also financing to exporters and importers.