Bank Muscat honored with the Best Private Bank in Oman Award by The Banker

In recognition of its pioneering role in providing exceptional banking solutions that cater to the diverse needs of customers, Bank Muscat, the leading financial services provider in the Sultanate of Oman, was recently awarded the “Best Private Bank in Oman” by The Banker, a renowned global financial and banking institution. This recognition highlights the professional standards which the Bank consistently adheres to, in line with international standards and practices. It also underscores Bank Muscat’s effective role in offering the best banking solutions and products to customers, in alignment with the Bank’s corporate vision “To serve you better every day.”
On this occasion, Abdulnasir N. Al Raisi, General Manager – Personal Banking at Bank Muscat, said: “We take pride in the recognition that the Bank has been honored with as the best private bank in Oman by The Banker. This recognition further underscores the Bank’s leading role in providing a full suite of distinguished banking services and solutions that aim to cater to the various needs of its valued Private Banking customers. These services include banking and wealth management solutions, backed with an experienced team of relationship managers. We would like to thank our customers for their continued confidence and support over the years, as we continue to strive to bring the best banking experience to all of them. The Bank will maintain its commitment to offering the best banking services and products to enhance the banking experience for all its customers.”
Abdulnasir N. Al Raisi further added: “Bank Muscat has dedicated Private Banking desks at the Bank’s Head Office at Airport Heights, Madinat Sultan Qaboos branch, Azaiba 18th November Street branch, and Sohar mega branch in Al Batinah North Governorate. These desks are equipped with the latest technologies to offer an exceptional banking experience to Private Banking customers, aligned with the best banking standards in the Sultanate and internationally. Customers enjoy convenience while initiating and completing various transactions, with the support of dedicated relationship managers who ensure efficient and swift customer service. The Bank will continue its commitment to expanding its branch network across the country to serve a wider customer base, thus, meeting their diverse needs.”
Bank Muscat offers Private Banking customers a complete suite of banking services and wealth management solutions including Mutual Funds, Fixed Income, Equity, Alternate Investment Products, Real Estate Funds and Portfolio Management services covering most global asset classes. The investment products offered by our Wealth Management Team are sourced internally from Bank Muscat Asset Management Team as well as through our reputed global partners. Bank Muscat Private Banking also sends regular investment research reports to its customers covering global macroeconomics and investment opportunities across asset classes, as part of our new initiatives to improve customer experience. The Bank also organizes various investment-focused events, where customers get to engage with investment speakers and experts from time to time and expand their knowledge about the existing and emerging market trends.
The Private banking services include conventional accounts, term deposits, currency exchange, domestic and international transfers, online banking, regular asset monitoring and full boutique of wealth management services. Along with most competitive rates on deposits, loans, and foreign exchange transactions, the Bank’s Private Banking customers have access to the most exclusive luxury and lifestyle benefits when using Visa Platinum Debit Card and Private Banking Visa Infinite Credit Card. Private banking Visa Infinite Credit cardholders enjoy 1% cashback rewards on all transactions. The Credit Card also facilitates exclusive Hilton Honors Gold Membership, unlimited access to 1,000+ airport lounges globally, complimentary chauffeur service to and from Muscat International Airport, special offers at over 900 luxury hotels around the world, multi-trip travel insurance and a Global Concierge Service.
In recognition of its leadership role in the Sultanate’s banking sector, Bank Muscat Private Banking has been regularly receiving several prestigious awards locally, regionally, and globally. These include multiple “Best Private Bank in Oman” awards from leading international institutions such as Global Private Banker MEA 2024, EMEA Finance, and Euromoney. The Bank also recently won the “Company of the Year” Award at the Times of Oman Business Leadership Awards, organized by Muscat Media Group. Additionally, Bank Muscat was ranked amongst Forbes Middle East’s Top 100 institutions.