banking

Bank Muscat ranks as ‘Safest Bank in Oman’

November 2, 2020

Bank Muscat has been ranked as the ‘Safest Bank in Oman’ by Global Finance magazine. The ranking was released by Global Finance as part of its rankings for the Safest Banks in 112 countries worldwide.

The 29th annual list of ‘Safest Banks by Country’ was selected through an evaluation of long-term foreign currency ratings - from Moody’s, Standard & Poor’s and Fitch - and the total assets of the 1,000 largest banks worldwide.

The annual rankings of the World’s Safest Banks have been a recognised and trusted standard of financial counterparty safety for more than a quarter-century.

In a press statement, Saleh Nasser al Habsi, deputy general manager - investment banking at Bank Muscat, said, “Bank Muscat is delighted to be ranked as the Safest Bank in Oman. For over 38 years, the bank’s success has been the result of understanding the consumer better and presenting them with innovative services and products. In line with the vision ‘To serve you better, everyday’, the Bank Muscat brand is synonymous with innovation, reliability and trustworthiness. This highly-acclaimed award is a well-deserved tribute to the largest banking family in Oman.”

The announcement of the top ranking for safety continues Bank Muscat’s long list of achievements throughout 2020 during which the bank was selected as the Best Bank in Oman by EMEA Finance, Global Finance, Euromoney and Asiamoney. The bank was also listed on the Forbes Middle East listing of Top 100 Companies in the Middle East. Its different lines of business have won over 20 local and international awards so far this year.

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