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Which Banks belong to Oman's Top 10?
This is because a number of banks in Oman have emerged as reliable and customer friendly banks with a large number of products and services. In this article, we will uncover the top 10 banks in Oman and explain what makes them special. If you are a resident or an expat and want to open a bank account in Oman, then this guide will help you choose the right bank.
1. Bank Muscat
The biggest bank of Oman is Bank Muscat that provides banking and financial services to individuals, companies and government. It is one of the biggest retail banks, corporate and investment banks and treasury centers. The bank has shown great willingness to develop the digital banking platform to help customers manage their accounts easily.
Some of the features of the bank include:
- A network of branches throughout Oman.
- Various products and services.
- Emphasis on the digital bank.
2. Bank Dhofar
Bank Dhofar is one of the major banks of Oman, and it is famous for its customer friendly approach and high standards. It provides retail banking, corporate banking and Islamic banking services. The bank is especially famous for its efforts to reach out to the unbanked and to support the development of SMEs in Oman.
3. Bank Sohar
Sohar Bank is one of the leading financial institutions in Oman that provides banking and financial services to individuals and businesses. It has received acclaim for its new products and services, such as digital banking and wealth management. Bank Sohar is a leading bank in the economic growth of Oman.
4. National Bank of Oman
The National Bank of Oman (NBO) is one of the oldest and most respectable banks of the country since the year 1973. NBO provides retail banking, corporate banking and treasury services and is known for developing good customer relationships.
5. Bank Nizwa
Bank Nizwa is Oman’s first Islamic bank that provides banking services that adhere to the Shariah law. The bank has a customer centered approach and is recognized for promoting Islamic finance and the development of Islamic banking in Oman.
6. Ahli Bank
Ahli Bank is one of the biggest banks in Oman that focuses on the customer and provides many services. With a good presence in Oman it has gained reputation for its courtesy and new and unique banking products and services.
7. Oman Arab Bank
Oman Arab Bank has grown to be one of the biggest banks in the country and is an established bank that offers banking and financial services to both individuals and businesses. It is also famous for its customers relationships and the bank’s support for the economic development of the country.
8. HSBC Bank Oman
HSBC Bank Oman, a member of HSBC Holdings, one of the world’s largest banking groups, provides a full spectrum of banking and wealth management products and services to its customers. The bank is acknowledged for its international experience and providing new and innovative financial solutions.
9. Bank of Beirut
The Bank of Beirut is a Lebanese bank that has expanded its operations to Oman and is involved in retail, corporate and trade finance banking. It is famous for its customer relationships and quality services.
10. Meethaq Islamic Banking
Meethaq Islamic Banking by Bank Muscat is a bank that specializes in offering Sharia compliant banking products and services. The bank has a customer centered approach and has been recognized for supporting Islamic finance in Oman.
Overview of Top 10 Banks in Oman
Selecting the right bank in Oman is a smart decision that will have a big impact on your financial situation. The largest banks in Oman include Bank Muscat, Bank Dhofar, and Bank Sohar, which provide a full range of banking services and are considered as industry leaders. When choosing a bank, consider the bank’s reputation, services provided, level of customer service, and the bank’s digital presence. This way, you will be able to make a decision and choose a bank that suits your financial requirements in Oman.
