The services empower businesses and drive growth
Muscat,
Bank Muscat, Oman’s leading financial service provider, continues to augment its banking services for government and corporate customers by offering a variety of solutions and facilities tailored to their specific needs. The Bank is dedicated to delivering exceptional business and banking services with a strong focus on electronic services.
Recently, Bank Muscat has introduced several new services, facilities, and features designed to add value for its diverse institutional customers. These innovations facilitate seamless and secure banking transactions through new electronic channels, leveraging modern technologies to enhance service delivery.
Ilham Murtadha Al Humaid, General Manager of Corporate Banking at Bank Muscat, emphasized the importance and priority given to institutions in both the government and private sectors. She stated: “We continuously strive to enhance our services and operations to align with the evolving needs of these entities. This involves active engagement with our clients to better understand their requirements, enabling us to offer services, products, and facilities that not only meet their needs but also contribute to their growth and development.”
She added: “Our recent innovative services are designed to help our government and corporate customers speed up their transactions. These additions are driven by the technological advances made available through the implementation of cutting-edge technology. We are committed to elevating the customer experience as much as possible and will continue supporting this important sector by enhancing banking convenience and security. We view ourselves as partners in their success and progress.”
This strategic shift towards electronic services not only boosts efficiency but also reduces costs, increases speed, and scalability, and improves transaction efficiency. Digital transformation is now imperative for all institutions, especially with the innovative banking and technological advancements in the online realm.
To keep pace with these developments, Bank Muscat actively invests in technology, providing electronic banking services to meet customers’ needs and deliver added value. The Bank is committed to supporting a variety of institutions, both governmental and private, fostering a thriving business environment. This includes supporting small and medium enterprises (SMEs), which are vital to the national economy.
The Bank is dedicated to offering solutions that support entrepreneurs and business owners, reinforcing Bank Muscat’s position as a leading financial institution in the Sultanate and prioritizing this crucial sector. The Bank continually evolves its services to meet market requirements and corporate needs.
As the trusted banking partner of corporates and institutions in Oman, Bank Muscat is committed to aiding corporates in digitalization to create a successful business environment. It offers the ‘Integrated Transaction Banking’ platform to government entities, corporates, and SMEs, as part of its digital transformation strategy. This platform provides a wide range of online capabilities, including payments, a consolidated dashboard of bank accounts across all banks, direct debit solutions, liquidity solutions, and trade services.
With the latest addition in Duqm, the Bank now has five corporate banking branches across Oman, including two branches in Muscat and one each in Sohar, Salalah, and Duqm. These corporate branches feature spacious and comfortable designs and are staffed by well-qualified and experienced Omani professionals.
In recognition of its leadership in the banking sector, Bank Muscat has received numerous local and international awards for its exclusive services and products catering to all segments of society. For corporate banking, the Bank was recognized as the Gold Winner of the Corporate Banking Innovation category within Infosys Finacle Innovation Awards, the Best Corporate Digital Bank in Oman within the World’s Best Digital Bank Awards from Global Finance, and the Best Bank for Large Corporates within Oman Banking & Finance Awards 2024.
