bank muscat SAOG: Realize the potential of your organization with Bank Muscat Corporate Banking Solutions


MUSCAT, February 20, 2021

In line with its customer-centric vision, Bank Muscat, the Sultanate’s leading financial services provider, continues to launch new and innovative financial services and solutions that simplify business banking. As one of the enduring successes of the Sultanate Renaissance, the bank has played a key role in transforming the Omani banking sector with a number of innovative products and services over the past four decades. Bank Muscat enjoys the enduring trust of government institutions, businesses and SMEs that have been partners in the bank’s journey from the very beginning and its steady development over the years. Today, Bank Muscat is the largest financial services provider for businesses in the Sultanate.

Bank Muscat is proud to have contributed significantly to the emergence and creation of many institutions that are today leading institutions in the private sector. The bank regularly contributes to the implementation of their production plans in addition to helping support government institutions as part of the vital role the bank plays in supporting the Omani Renaissance. Bank Muscat is proud to work with companies in various sectors such as oil and gas, electricity, water, mining, transport and telecommunications, airports, free zone development and industry.

Today, Bank Muscat offers a wide range of corporate banking products and services, including term loans, working capital facilities, overdrafts, asset finance, agency and custodial services, import and export services, bonds and guarantees, among others. The bank maintains a leading position made possible by its deep sector expertise, innovative structuring capabilities and sound due diligence techniques, thereby meeting the long-term financing needs of various projects in the Sultanate.

Speaking on the occasion, Ahmed Faqir Al Bulushi, Director of Banking Operations, said: “Bank Muscat has strengthened the Sultanate’s banking sector as an Omani institution, which provides a full range of banking products, services and solutions. One of the great success stories of the Sultanate Renaissance, Bank Muscat has become a trusted banking partner for government institutions and businesses large and small over the past four decades. We are excited to continue to build on this success and continue to launch new world-class banking services and solutions. that meet the complex requirements of our valued customers in order to achieve the ambitious goals of Oman Vision 2040.”

Speaking about the digital transformation of the banking sector, Ahmed Faqir Al Bulushi said, “Over the past few years, the world has witnessed many challenges that have helped accelerate digital transformation due to the growing need to provide unlimited access to everyone, regardless of their situation. Digital solutions are playing an increasingly important role in economic growth and development, with more and more companies around the world boosting their internal efficiency through digitalization. . Going forward, Bank Muscat will continue to support the corporate sector by launching new, innovative digital solutions that further enhance the ease of banking.”

One-stop banking

As part of its efforts to improve convenience and add value to services offered to government, large corporations and SMEs, the bank has four exclusive banking branches located in the main business centers of the Sultanate. Staffed by highly experienced Omani nationals, these branches are a one-stop-shop for all types of business banking requirements, ranging from simple account opening to utilizing credit facilities and more complex transactions such as financing of Commerce and the issuance of Letters of Credit. The bank’s services are also available through its other branches across the Sultanate as well as corporate online banking. More importantly, all corporate clients have a dedicated Account Relationship Manager. This ensures that their banking needs and requirements are resolved quickly and efficiently.

New solution-oriented website

In 2021, the bank launched its new Corporate Banking website, which features a modern design, simple and user-friendly content, easy navigation and interactive application forms for existing and potential customers to apply for banking products and services. . The site provides direct links to a wide range of services and solutions, including online business banking, business loans and solutions, trade finance, agency and custodial services, industry information and customer testimonials. The bank’s corporate clients can easily access its electronic application for various business solutions, in addition to various other application forms for various banking services, a checklist of required documents, and other guides and tutorials. Accessible via, the new website aims to provide an engaging experience and will help the bank’s existing and potential customers find all the essential information effortlessly. as well as placing requests for the services that can best meet their business banking needs.

Digital banking platform

The bank’s industry-leading Corporate Banking products, services and solutions are underpinned by a powerful digital banking platform that provides 24/7 access to corporate banking services. The immense benefits of the ongoing digital transition include increased efficiency, cost reduction, accountability, speed and scalability. Available in Arabic and English via, the corporate online banking platform facilitates real-time account details, local or foreign currency transactions as well as group payments. It should be noted that the online banking platform has the latest technologies with excellent security features.

Bank Muscat also offers a wide range of solutions and services, including the state-of-the-art Business-to-Business (B2B) Connect platform, which meets the transactional requirements of large government, institutional and commercial entities. The B2B Connect platform allows institutions and large enterprises to build an efficient and robust payment and reconciliation system that is integrated with their ERP. Other digital solutions such as Remote Deposit Capture (RDC) online check clearing solution and direct debit solution. The bank’s online corporate banking platform and B2B Connect solution also facilitates the payment of employee wages through a secure payment channel under the Wages Protection System (WPS) as mandated by the Central Bank. of Oman and the Ministry of Manpower.

Bank Muscat recently launched its next-generation banking transaction platform, which offers a full suite of advanced digital solutions including payment, account services, collections and receivables, liquidity, single sight accounts and business solutions for enterprises, SMEs and government institutions. The platform will greatly help clients streamline their business processes, reduce business complexities and minimize costs. The bank also offers a full range of global trade services to its Corporate Banking customers to facilitate trade and Oman’s economic growth and development. These include international trade finance solutions and lending to the bank’s institutional clients in both developed and emerging markets, making it a leading player in the region.

Customer-centric vision

In 2019, the Bank launched its Global Relationship Management program as part of its customer-centric vision. This has created synergies between the different departments of the bank to provide customized solutions to corporate clients. This allows the bank’s corporate partners to have a single point of contact at the bank through their dedicated Global Relationship Managers, greatly enhancing their banking experience.

Better service, every day

Over the years, Bank Muscat has worked tirelessly to further improve its portfolio of services and solutions in line with its vision to better serve its customers, every day. The bank’s new services and solutions are based on customer feedback and needs as well as global trends. By capturing the voice of the customer, the bank connects and engages with its customers at every touchpoint of the customer journey. Bank Muscat continuously strives to improve the customer experience as part of its customer-centric vision and will continue to introduce new products, services and features that further enhance the customer experience and build their trust in the bank.


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