BankMuscat
BankMuscat continued to strengthen its leadership position in the Sultanate in 2004 and by the end of the year commanded a market share of 36.7% in terms of total assets, 37.6% in terms of total credit and 33.3% in terms of total customer deposits.
Along with producing a 26.8% growth in net profits in 2004, the bank strengthened its international operations, gaining approval for a branch in Saudi Arabia and converting its Bahrain operations into a subsidiary.
“Banking today is as much about finance as about the role you play in the market in which you operate,” says BankMuscat CEO Abdulrazak Ali Issa. “I am proud to say that BankMuscat is not only the foremost banking entity in the Sultanate today, but it is also among the most conscientious of organisations in terms of understanding its responsibilities toward the community and country. We partner not only people, but also diverse commercial organisations and the government in their endeavours to create a better future. At the centre is our commitment to customer service and newer benchmarks of excellence. It is this commitment that has been recognised by the global financial community for some time now and which continues to hold us in good stead.”
