Type Bank Headquarters Oman Founded 1973 | Industry Banking & Finance Website [1] | |
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CEO Ahmed Al-Musalmi (10 May 2014–) Subsidiaries National Bank of Oman SAOG, Asset Management Arm Profiles | ||
National Bank of Oman (NBO)
Founded in 1973, National Bank of Oman was the country’s first local bank, forging a rich history with Oman’s local businesses and its economy at large. Today, it is one of the largest banks in Oman, with a paid up capital of OMR (Omani Rials) 110.8 million (US$ 288 million) and a regulatory capital of OMR 377.8 million (US$ 981 million)
NBO serves its customers through over 60 branches and 173 ATMs and Cash Deposit Machines across Oman, in addition to three international branches – one in Egypt; one in Dubai; and, one in Abu Dhabi.
The Bank has had an international presence in the UAE (Abu Dhabi) and in Egypt for over 10 years. In 2013, it secured a full banking license to offer conventional and Islamic finance services in Dubai, and is the only Omani bank licensed to operate in Dubai. The Bank has grown its UAE (gross) loan portfolio by over 134 per cent to OMR 92.6 million as at 30 June 2014, compared to OMR 39.4 million as at 31 December 2013.