Oman

Some banks can make the toughest of years look relatively easy to navigate. Bank Muscat is a tantalizing case in point. Tantalizing because the Sultanate of Oman’s biggest bank by assets made the most of volatile oil and gas prices, chaotic world markets and adjusting to a relatively new chief executive, Waleed K Al Hashar, who took charge of Bank Muscat in January 2019.

Some banks can make the toughest of years look relatively easy to navigate. Bank Muscat is a tantalizing case in point. Tantalizing because the Sultanate of Oman’s biggest bank by assets made the most of volatile oil and gas prices, chaotic world markets and adjusting to a relatively new chief executive, Waleed K Al Hashar, who took charge of Bank Muscat in January 2019.

Oman’s macroeconomic troubles just can’t keep a solid institution like Bank Dhofar down.

Oman’s macroeconomic troubles just can’t keep a solid institution like Bank Dhofar down.

Bank Dhofar has come a long way in a short period of time. Under its chief executive, Abdul Hakeem Omar Al Ojaili, the bank’s digital strategy isn’t the best in the Middle East, but it leads the way in its home market.

Oman’s largest bank by assets is also the Sultanate’s best bank. It is big in its home territory: Bank Muscat is three times the size of Oman’s second- , third- and fourth-largest lenders combined. In 2019, it reported a net profit of OR186 million ($482 million), up 3.3% year on year.

Oman’s largest bank by assets is also the Sultanate’s best bank. It is big in its home territory: Bank Muscat is three times the size of Oman’s second- , third- and fourth-largest lenders combined. In 2019, it reported a net profit of OR186 million ($482 million), up 3.3% year on year.

Oman’s largest bank by assets is also the Sultanate’s best bank. It is big in its home territory: Bank Muscat is three times the size of Oman’s second- , third- and fourth-largest lenders combined. In 2019, it reported a net profit of OR186 million ($482 million), up 3.3% year on year.