Awards and Certificates

Muscat:, February , 2009
BankMuscat, the leading financial institution in the Sultanate, started the year with a thumping endorsement of its performance, winning the Best Foreign Exchange Bank in Oman award for 2009 from Global Finance magazine. The prestigious award was granted to the Bank for the sixth consecutive year.

"The global foreign exchange market has continued to thrive throughout the financial crisis. Average daily turnover has surpassed $3 trillion in the world’s biggest market. We have identified the banks that large global companies can rely on for their FX needs," Joseph D Giarraputo, publisher and president of Global Finance, said Global Finance editors with inputs from industry analysts, corporate executives and technology experts selected the best currency trading providers and online foreign exchange systems in 82 countries or regions. Criteria for choosing the traditional and online winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.

A multi-award winning organisation, BankMuscat’s performance has been lauded by the international financial and banking community for several years, including the unique achievement of being voted the Bank of Year – Oman by The Banker (FT, London) magazine and the Best Bank in Oman for the eighth time in a row by Euromoney and Global Finance in 2008. The top-notch awards were in recognition of the best overall performance over the course of the previous year in terms of qualitative achievements and strategic initiatives.