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Thursday, 09 May 2024 17:10 UAE time

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BankMuscat

Main Category: Commercial Bank
First Address : PO Box 134
City : Ruwi
Country : Oman
Phone: 968 2 4768888
Fax: 968 2 4785572
Website: www.bankmuscat.com


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ALL STORIES LIST


Bank Muscat leads Oman index to seventh straight rise

UPDATE 4: Shares up 1.9%, while Dubai index hits two-week closing high.

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Bank Muscat says $39m CDs again oversubscribed

Oman's biggest bank is targeting raising $649m and has so far received $473m.

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Dubai Holding eyes Bank Muscat stake sale to meet debt

Holding company has a 15% stake worth $350m in Oman's largest bank by market value.

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Bank Muscat plunges to Q4 loss on impairments

Omani bank cut stake in Pakistan's Silkbank to 8.5% with a writedown of $52.7m.

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Gulf markets calm as year end approaches

Experts predict a better 2010 for Middle East region as bourses register marginal gains and falls.

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Bank Muscat says Dubai exposure won't affect Q4 net

Bank Muscat has $50m in exposure to a syndicated loan from Dubai's group.

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Bank Muscat may book writedown on Pak bank in Q4

Bank Muscat, which has 35% stake in Pakistan's Silkbank; expects its stake to be diluted.

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Bank Muscat to issue eighth CD on Sept 15

CDs to be issued on Sept 20 in 3 categories with maturity of 12, 36 & 60 months.

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Oman's NBO says exposed to troubled Saudi groups

Oman’s second largest bank admits $17m exposure to Saad and Algosaibi groups.

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Bank Muscat has $171.4m exposure to Saad, AHAB

Omani lender says it's 'too difficult at this stage to confirm any provisions' it might have to take.

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Bank Muscat seeking 15m rials via auction

Auction of certificates of deposit later this month part of an overall plan to raise 250m rials this year.

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Lending growth slowest in 4 years for Omani banks

Lending grew 2.1% in first quarter 2009, with fewer loans extended to gov't, public firms.

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Abu Dhabi shares post highest one-day gain since Jan

UPDATE 4: World markets respond positively to US plan on toxic debt.

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Bank Muscat okays cash dividend, convertible bonds

Bank's shareholders approve 20% cash dividend for 2008 & convertible bonds issue.

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Dubai closes below key support, Drake drops

UPDATE 5: S&P's Ratings Services lowers its ratings of several Middle East companies.

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Bank Muscat to sell stake in Indian bank

Omani lender says it has sold 40% in India's HDFC Bank and eventually plans to sell entire stake.

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Kuwait, Qatar, UAE close higher; Oman, Bahrain end low

UPDATE 3: Most Arab bourses rise on US making headway on stimulus package.

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Gulf markets end lower amid global gloom

UPDATE 5: UAE, Qatar, Kuwait and Oman fall as investor sentiment is impacted.

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Bank Muscat posts 44% profit jump

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

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Kuwait's Dar closes 1st part of $400mn Islamic loan

Three-year $150mn deal for Aston Martin part-owner backed by Saudi, Oman banks.

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Oman seeks $4bn for shipping expansion

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

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Bank Muscat posts record Q2 profit

Lender tops expectations with Q2 profit, more than doubling first-half fee income, loans growth.

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Earning from experience

AbdulRazak Ali Issa, of BankMuscat, outlines a selection of the company's diverse range of funds.

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Bank Muscat posts record Q1 profit

Oman's largest lender posts record first quarter profit, as economic growth boosts lending business.

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BankMuscat and Edutech create Basel II training system

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

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Bank Muscat shrugs off chaos to invest in Pakistan

Omani bank's chief executive describes rising violence as 'a passing phase'.

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Bank Muscat plans Saudi expansion

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

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BankMuscat in US$166m Octal loan

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.

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Bank Muscat agrees Dubai stake sale

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

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Bangkok banking

A look at the latest core banking success stories at this year's Temenos Client Forum in Bangkok.

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BankMuscat hires chief executive

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

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Dubai Financial takes 15% Bank Muscat stake

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

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Consortium to buy stake in Saudi Pak Bank

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

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Bank Muscat to raise share capital for growth

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

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Egypt billionaire eyes Saudi Pak bank stake

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

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Gonu inflicts damage on Oman’s banking sector

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

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Banking in the GCC

Will the banking industry be the next sector to feel the wind of change sweeping through the Gulf?

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Free bank loans for Gonu victims

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

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Ahli United Bank to buy 35% of Alliance

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

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Why Gonu should teach us all a lesson

We've all been taken aback by reports of loss in wake of Cyclone Gonu, writes Melissa Hancock.

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BankMuscat: the after effects of the storm

Each week Arabian Business turns the spotlight on a leading company.

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Bank Muscat's bid for Alliance 'no longer valid'

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

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Oman's banks count the cost of Gonu

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

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Oman's Alliance still seeks suitors

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

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Alliance urges rejection of Bank Muscat bid

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

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Oman's banking transactions

The developing mortgage and housing market in the sultanate is maintaining its strong growth with new bank openings and bids for mergers.

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Zubair Corporation inks $100m loan deal

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

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Alliance ask-price exceeds new limit

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

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Bank Muscat offers $204m for Alliance

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

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Oman launches e-payment gateway

Robust, secure solution allows electronic transactions.

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Bank Muscat profit surges 43.8%

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

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Bank Muscat eyeing Gulf acquisitions

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

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Revealed: Gulf's most admired companies

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

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Islamic bank set to launch in Kenya

A consortium including Bank Muscat and Dubai's Istithmar will launch Gulf African Bank in April.

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BankMuscat rolls out core system

Temenos software will help bank manage operations

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