Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Bank Sohar named -Best Financial Brand Oman 2014'  Join our daily free Newsletter

MENAFN - Muscat Daily - 15/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) Bank Sohar was recently named the Best Financial Brand Oman 2014' by UK-based Global Brands Magazine. The award was presented after the renowned independent branding magazine analysed Bank Sohar's performance across 14 categories, encompassing every aspect of its business.  


Commenting on the award, Dr Mohamed Abdulaziz Kalmoor, CEO of Bank Sohar, said, ''We are delighted and appreciative of this global recognition that we have received recently. This award and the numerous other awards that Bank Sohar has received in the recent past are a testimony to the solid foundation that the bank has been built upon.''


''This is a reflection of where we stand as a financial institution and brand within the financial sector.  In a relatively short seven years, we have managed to make significant strides, not only towards ensuring sound fundamentals, but also towards giving back to the economy we serve,'' added Kalmoor.


A press release said on Tuesday that the award was a reflection of Bank Sohar's performance in 2013, which was yet another exceptional year for the bank, building on the previous year's outstanding performance. Bank Sohar registered a year-on-year net profit growth of 16.77 per cent amounting to RO26.871mn. 


The bank's operating profit for financial year 2013 saw a growth of 10.79 per cent, from RO28.644mn in the previous year to RO31.735mn. Furthermore, and despite the banking industry in Oman becoming increasingly competitive, Bank Sohar has managed to grow to become the fourth largest


And one of the most profitable banks in the country, added the release.


''We consider this global recognition a result of our efforts in achieving constant improvements in our business development and the quality of services we provide our customers, as well as a result of the strong momentum that we continue to drive within the work environment,'' added Kalmoor.


Headquartered in the UK, Global Brands Magazine is an independent branding magazine that was established with the aim of honouring excellence in performance and rewarding companies across different sectors.


More than 3,300 banks were evaluated in the last study conducted by the magazine, said the release, adding that Bank Sohar has a network of 25 branches and 50 ATMs across O

 


Muscat Daily




  MENA News Headlines
 Oct 1 2014 - GCC to invest USD36b in logistics sectorMENAFN
(MENAFN) Logistics management challenges are occupying the minds of port owners and operators across the Middle East, despite an increase in trade demand, current overall port capacity in the region ...

 Oct 1 2014 - Doha Bank acquires HSBC Bank Oman's India operationsMENAFN
(MENAFN) Doha Bank announced it has acquired HSBC Bank Oman's operations in India as part of the Qatari bank expansion plans in Asia in order to counter its diminishing margins at home, by combining ...

 Oct 1 2014 - Bahraini Bapco, US CLG sign agreementsMENAFN
(MENAFN) Bapco announced it signed a technology license and engineering services agreements with US-based Chevron Lummus Global (CLG) which would enable CLG to provide process technology for two ...

 Oct 1 2014 - Tunisia requests postponement of 4th Arab economic, social SummitKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) unisia has requested the Secretariat-General of the Arab League to postpone the 4th Arab Summit for Economic and Social Development Tunis is due to host in ...

 Oct 1 2014 - Dr. Al-Meshaan, the first Kuwaiti and Arab woman to earn PhD in oil spillsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Kuwaiti female academic and civil engineer, Nora Mohammad Al-Meshaan, has earned a PhD in engineering of coasts and oil seepage, vowing to contribute to ...

 Oct 1 2014 - Kuwait crude oil price down to USD 93.97 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Price of the Kuwaiti crude oil per barrel lost a single cent dropping to USD 93.97 in Tuesday's trades in contrast to USD 93.98 on Monday, Kuwait Petroleum ...

 Oct 1 2014 - Obama, officials discuss anti-ISIL strategyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) US President Barack Obama has discussed with top security officials Washington's strategy against the militant group, the Islamic State in Iraq and the Levant ...

 Oct 1 2014 - Israel needs to lift the closure of Gaza - BanKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) United Nations Secretary General Ban Ki-moon met Israeli Benjamin Netanyahu, and stressed on the urgent need to lift the closure of Gaza, and also to meet ...

 Oct 1 2014 - Egypt's EEHC, UAE's Nowais sign MoUMENAFN
(MENAFN) Egypt's state-run power company EEHC announced it has signed a memorandum of understanding with Abu Dhabi-based Al Nowais Investments, Gulf Daily News reported.The MoU was signed to enable ...

 Oct 1 2014 - Virgin Mobile starts operations in SaudiMENAFN
(MENAFN) Virgin Mobile Middle East and Africa (VMMEA), part-owned by British entrepreneur Richard Branson's Virgin Group, announced it has launched its telecom services in Saudi Arabia on Monday, ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help