HSBC’s Oman Unit See Sharp Drop In 2012 Profit
HSBC Bank Oman HBOM.OM, formed last year by a merger of HSBC's Oman unit and Oman International Bank, posted a…
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Omani banks
National Bank Of Oman Cuts Off 38 Jobs By End Of December
National Bank of Oman (NBO) plans to cut off 38 jobs by the end of December as it now has one branch which is…
National Bank Of Oman Sets Up Retail Banking Souq At Lulu Barka
In its efforts to be closer to its customers, National Bank of Oman “NBO” recently held a first of its kind Retail…
Oman’s Bank Dhofar Q3 Profit Down 10.7%
Bank Dhofar, Oman's third-largest bank by market capitalization, posted a 10.7-percent drop in third-quarter net…
HSBC Oman Asks Customers To Update Personal Info
HSBC Bank Oman is encouraging customers to update their personal data records by visiting their closest branch by…
Bank Muscat To Raise US$150 Mln Through Private Placement
As part of its capital raising plans to strengthen Tier I capital to support business growth, Bank Muscat, the…
Omani Bank Muscat To Raise US$ 251.5 Mln From Rights Issue
Bank Muscat, the flagship financial institution in Oman, is all set to raise RO 96.7 million (US$ 251.50 million)…
Oman’s Bank Nizwa Sees First Profit In 2014
Omani Bank Nizwa sees a maiden profit two and a half years after the start of its operation planned next month,…
Omani Banking Sector Earnings Rose To US$ 412.81 Mln
Oman’s banking sector continues to maintain strong performance aided by higher credit growth, increasing…
Oman Sets Islamic Finance Regulations This Year
A regulatory framework for Islamic finance is taking shape in Oman as government bodies move towards meeting the…
Bank Muscat To Sell New Shares At 25% Discount
Bank Muscat, Oman's largest lender, is planning to offer new shares to existing holders at a 25 percent discount…
Omani Bank Nizwa Fails To Elect Board
Oman's Bank Nizwa, a newly-formed Islamic lender which sold shares to the public in June, failed to elect a new…
Omani Central Bank Issues RO 211 Mln CDs
Certificates of deposit (Issue No 773) tender was held at the Central Bank of Oman (CBO) last week. The total…
Oman’s Govt. Bond Witnesses High Demand
The Central Bank of Oman's RO100 million- government development bond issue, which closed subscription on June 14,…
Omani Bank Muscat Won Corporate Governance Award
Bank Muscat, the leading financial institution in the sultanate, has won the 2012 Hawkamah Bank Corporate…
Omani Ahli Bank Offers Investment Banking Services
Ahli Bank, one of the fastest growing banks in Oman, has launched its investment banking services to the customers…
Central Bank Of Oman Provides Staff With Islamic Finance Training
As part of major preparations for the launch of Islamic financial services in the Sultanate of Oman, the Central…
National Bank of Oman Approves Proposal For Conducting Islamic Banking Operations
National Bank of Oman (NBO) said its shareholders have approved a board proposal to start Islamic banking window…
HSBC Oman Celebrates New Directors
HSBC Bank Oman SAOG hosted a celebration to thank the previous board for all their hard work in laying the…
Assets Of Commercial Banks In Oman Rose 21%
Omani banking sector continued its robust performance consistent with overall growth of the economy. Total assets…
Central Bank of Oman Issues CDs Worth RO326 Mln
Central Bank of Oman (CBO) has offered certificates of deposit no. 771 worth RO326 million last week. A bulletin…
Omani Bank Muscat Launches E-Commerce Initiative
Oman’s Bank Muscat, the largest financial services provider in the sultanate, launched Bank Muscat Souq, a new…
Oman Launches Islamic Banking and Finance Conference 2012
Under the theme, Building a Growth Path for Islamic Banking & Finance in Oman through improved regulation,…
HSBC Receives Official Approval For Oman Merger
HSBC Holdings (HSBA.L) has received formal regulatory approval to merge its business in Oman with local lender Oman…
Oman International Bank To Elect HSBC Oman’s Board On Thursday
Oman International Bank (OIB) will conduct an ordinary general meeting of shareholders on May 31 to elect a new…
Omani Bank Nizwa’s IPO 11.3 Times Oversubscribed
Omani lender Bank Nizwa, the sultanate's first Islamic bank, attracted 681 million rials ($1.77 billion) of bids in…
Merger Between Oman’s OIB & HSBC Halted
HSBC's proposed merger of its Omani business with Oman International Bank has been halted by the Gulf Arab state…
Oman Arab Bank Rating Upgraded To BBB+; Stable Outlook
Capital Intelligence (CI), the international credit rating agency, announced that it has upgraded Oman Arab Bank's…
Oman To Issue 10-Yr Bonds Soon
The Central Bank of Oman (CBO) announced the new 40th issue of Government development bonds. The size of the new…
National Bank of Oman To Offer Islamic Banking Services
National Bank of Oman (NBO), the first local bank in the country, said that it is well…
Bank Muscat Raises RO38.5 Mln From Oman’s First Money Market Mutual Fund
Bank Muscat, the largest financial services provider in Oman, is aiming to raise up to RO38.5mn from the…
Bank Muscat’s Ratings Affirmed At ‘A-‘
Capital Intelligence (CI), the international credit rating agency, announced that it has maintained Bank Muscat's…
Omani Experts: Islamic Banks Need Liquidity Management Tools
Oman's Bank Muscat CEO AbdulRazak Ali Issa, stressed the need of Islamic liquidity management instruments. A…
Bank Nizwa Launches First IPO Roadshow
The first investor roadshow for Oman's Bank Nizwa Initial Public Offering (IPO) was held in Nizwa last week.…
Commercial Deposits of Omani Banks Surges 17.5%
Total value of private deposits at the commercial banks in Oman as of end January and February 2012 rose by 17.5…
Oman International Bank To End India & Pakistan Operations After Merging With HSBC
Oman International Bank (OIB), which has entered into an agreement with HSBC Middle East is to merge with HSBC…
National Bank of Oman Q1 Profit Rises 24%
National Bank of Oman (NBO) achieved a net profit of RO 9.6 million for the three months ended March 31, 2012, a 24…
Oman’s AhliBank Reports 47% Increase In Q1 Net Profit
Omani lender Ahlibank S.A.O.G. reported a 47 per cent increase to RO 5.92 million in net profit for the period…
Oman’s Bank Muscat Posts RO33.4 Mln Net Profit In Q1
Bank Muscat announced that its 2012 first-quarter financial results have been approved by the board of…
Omani Banks To Apply Basel III Next Year
Central Bank of Oman announced that ‘Basel III’ accord, the global regulatory standards on bank capital adequacy,…