BankMuscat

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Recent Articles

• Bank Muscat posts 44% profit jump8 October 2008

  Oman's largest lender see Q3 net income increase to $84mn, meeting analysts' forecasts.

• Oman seeks $4bn for shipping expansion7 August 2008

  Finance ministry reveals plan to add up to 20 tankers to shipping fleet, loan deal by year-end.

• BankMuscat and Edutech create Basel II training system27 February 2008

  BankMuscat and Edutech have jointly developed an e-learning system to train bank staff on Basel II compliance

• Bank Muscat plans Saudi expansion5 January 2008

  Oman's biggest bank to open two more branches in kingdom as part of broader Gulf ambitions.

• BankMuscat in US$166m Octal loan2 December 2007

  BankMuscat has agreed a US$166.5 million loan facility for Oman-based Octal Petrochemicals as it prepares to launch a new plastic packaging venture in Salalah Free Zone.

• Bank Muscat agrees Dubai stake sale22 September 2007

  Shareholders in Oman's biggest lender have approved the sale of a 15% stake to Dubai Financial.

• BankMuscat hires chief executive26 August 2007

  BankMuscat International appoints former Barclays senior banker Andrew Bainbridge as CEO.

• Dubai Financial takes 15% Bank Muscat stake11 August 2007

  The government-owned firm becomes the bank's second-biggest shareholder in a $619mn deal.

• Consortium to buy stake in Saudi Pak Bank25 July 2007

  Bank Muscat thought to be part of consortium acquiring majority stake in Pakistan-based bank.

• Bank Muscat to raise share capital for growth22 July 2007

  The Omani lender is planning to raise more capital to help finance expansion.

• Egypt billionaire eyes Saudi Pak bank stake3 July 2007

  Naguib Sawiris is among four parties competing for a majority $100m stake in the bank.

• Gonu inflicts damage on Oman’s banking sector 30 June 2007

  Banks reported damage to branches and ATMs from strong winds and flooding, but continued to operate.

• Free bank loans for Gonu victims19 June 2007

  BankMuscat is offering an interest free loan to help victims of cyclone Gonu.

• Ahli United Bank to buy 35% of Alliance17 June 2007

  The $132m stake in Oman's biggest mortgage lender trumps a takeover offer by Bank Muscat.

• Bank Muscat's bid for Alliance 'no longer valid'14 June 2007

  The Omani bank's offer for the mortgage lender is no longer valid as of June 13.

• Oman's banks count the cost of Gonu11 June 2007

  Many of the Sultanate's banks report damage to branches and ATMs, but continue to operate.

• Oman's Alliance still seeks suitors29 May 2007

  Alliance Housing Bank continues talks despite a hostile takeover bid by Bank Muscat.

• Alliance urges rejection of Bank Muscat bid22 May 2007

  Bank's board believes other undisclosed options present the best hope for the future.

• Zubair Corporation inks $100m loan deal14 May 2007

  The Omani company signs a corporate loan with banks including National Bank of Abu Dhabi.

• Alliance ask-price exceeds new limit9 May 2007

  Shares in the Oman bank didn't trade on Wednesday following the bid from Bank Muscat.

• Bank Muscat offers $204m for Alliance8 May 2007

  Oman's largest lender says it has made an offer to merge with Alliance Housing Bank.

• Oman launches e-payment gateway30 April 2007

  Robust, secure solution allows electronic transactions.

• Bank Muscat profit surges 43.8%26 April 2007

  Oman's largest lender reports a first-quarter profit of $49.53m.

• Bank Muscat eyeing Gulf acquisitions19 April 2007

  Oman’s largest bank is looking to boost foreign profit by increasing investments, as Q1 profits up over 30%.

• Revealed: Gulf's most admired companies14 April 2007

  Arabian Business has published its '50 Most Admired' list of regional companies.