Oman arab bank al khuwair branch

Bank Muscat

Professor's name

Student's name

Running Head: Bank Muscat

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Bank Muscat

Introduction

Oman country is a nation located on the south-eastern coast of the peninsula. Its medium currency is the Omani rial. Oman has several commercial banks that include: bank of Beirut al mouj, the central bank of Oman headquarters, bank muscat, Oman Arab Bank, Bank Sohar, and the national bank of Oman, among others, the local Oman commercial bank of my choice is the Bank Muscat (BM) that was established in the year 1982, the bank is the best leading financial service provider in Oman. The bank works through business segments, including retail, corporate, commercial, Islamic banking, treasury, and funding centers. Its headquarters is in Muscat, with over 3,000 staff workers. the Bank Muscat has an oversees network of 149 branches and 645 ATMs

Bank muscat's profile

Bank Muscat (BM) is a banking institution based in Muscat, Oman. The bank is the first to be established to offer the following retail banking services, corporate banking, investment banking, private banking, Islamic banking, and asset management services. Finally, the bank offers treasury banking services as its assets are under the board of directors' management. Internationally, the bank manages outside Oman in Riyadh, Kuwait, and the representative office in Dubai And Singapore.

It's a commercial bank service provider type whose website is http://www.bankmuscat.com, and its primary postal address is P.O BOX No: 134 Post Ruwi muscat. The banks have awarded the best, being the winning of the prestigious "best premier bank in Oman' award by the world union of Arab Bankers (WUAB) and the safest bank in Oman (2020) by the global finance, among other awards. This makes the bank the best banking institutions to invest in Oman. Firstly, its core values include customer first as they put customers' needs first and focus on them, hence maintaining service excellence. Secondly, service quality should be high quality as they focus on giving the best as they carry their services with the right. Thirdly, Integrity upholds transparency, and truthfulness as they employ sound decisions concerning ethics standards in society. Fourthly, one bank aims at working as a team hence enhancing teamwork as they believe that working together to achieve success. Finally, execution, as the team makes things done quickly and intelligently, creates a conducive working and serving environment for clients.

Bank muscat has the following bank branches that are " A Seeb (A Souq st., Al Kamelia Shopping Center, Muscat) Adam ( Souq Rood, Adam, Dhakiliya), Al Amerat ( AL Amerat Street, Al Amerat, Muscat), Al Ashkara (Ashkara, Sharqiya) Al Awabi(Al Awabi, Al Awabi, South Batinah ) Al Buraimi ( Hamaasah street, Buraimi, Dhahirah ), Al Ghashab (Ghshab, Al Ghashab, South Batinah), Al Ghubrah Islamic Branch(3812 Way 713, Al Ghubrah, Muscat) Al Ghubrah Branch( 3812 Way 713,Al Ghubrah, Muscat) Al Hamra ( Tawi Saleem Road,Al Hamra, Dhakiliya), Al Hayal ( Al Hayal street,Al Hayal, Dhahirah), Al Hejari ( Al Qasabiyah,Khaboura, North Batinah), Al Kamil ( AL Kamil Street,Al Kamil, Sharqiya), Al Khadra ( Al Ghalil,Al Khadra, North Batinah), Al Khoudh (Al Barakat street, Muscat) Al Khuwair (Ministry) (Al Khuwayr Street,Al Khuwair, Muscat) Al Khuwair 33 Branch(Al Khuwair,Al Khuwair, Muscat) Al Khuwair Branch (Al Khuwayr Street,Al Khuwair, Muscat) Al Mahaj Al Amerat (AL Amerat Street,Al Amerat, Muscat) ,AL MAZYOUNA ( AL MAZYOUNA, Dhofar), Al Mudhaibi (Al Mudaybi,Al Mudhaibi, Sharqiya), Al Mudhairib (Main road of Al Mudhairib – Sur,Al Mudhairib, Sharqiya), Al Nahdha Tower ( Al Nahdha Tower Azaiba, Muscat),Al Qurum Branch ( 651 Way 5366,Al Qurum, Muscat), Al Rumais(Baraka (Al Rumais), South Batinah), Al Rustaq (Rustaq,Rustaq, South Batinah), Al Saada ( An Nasr Street,Al Saada, Dhofar),Al Sarooj Commercial Complex ( Al Kharijiyah St,Al Sarooj Commercial Complex, Muscat),Al Tareef (Al Tarif,Al Tareef, North Batinah), Al Washil (Rustaq, Wushail,Rushtaq, South Batinah), AL-Ansab ( Way 286 Al-Ansab, Muscat),Awqadain(A sultan Saeed Bin Sultan St,Awqadain, Dhofar), Azaiba Branch( 46 Street,Aziaba, Muscat), Azaiba R-A Branch( 44 Street, 4269 way,Aziaba, Muscat),Bahla, Main Road Bahla( Street No. 21,Bahla, Dhakiliya), Bait Al Reem Branch(Al Khuwair,Al Khuwair, Muscat), Bani Bu Hassan( Bani Bu Hassan,Bani Bu Hassan, Sharqiya),Barka(Wushail,Barka, South Batinah),Barka Souq( Souq Barka road,Barka, South Batinah), Bataha Hilal Suwaiq(As Suwaiq,Suwaiq, South Batinah), Bausher Branch(Bausher, Muscat), Bidaya (Al Khaburah,Bidaya, North Batinah), Bidiya(Al Wasil,Bidiya, Sharqiya), Birkat Al Mawz( Main Rood Of Birkat Al Mouz ,Birkat Al Mouz, Dhakiliya), Buraimi(Main Road, Main Road Buraimi, Buraimi, Dhahirah),Burj A Sahwa( Nizwa Road, Rusayl, Muscat), City Centre Branch(Al Seeb St., Muscat City Center, Al Seeb, Muscat), Corniche(Corniche Road, Muttrah Corniche, Muscat), Corporate Bank(CBD, Markaz Mutrah Al Tijari St, Ruwi, Muscat), Dahariz(Al Ahquaf St, Salalah, Dhofar), Dareez(Dareez Street, Dareez, Dhahirah), Dhank Location: Dhank Street,Dhank, Dhahirah Dibba Al Biya (Musandam Region)(Dibba, Dhahirah), Duqum ( Duqum, Sharqiya), Falaj Al Qabail (Sur Al Abri,Falaj Al Qabail, North Batinah),Fanja (Fanja St.,Fanja, Muscat) Firq ( Dealers Road, Firq, Dhakiliya), Firq Indl. Area (Firq Industrian Road,Firq, Dhakiliya), Ghala Branch (Al Ghubbrah St.,Ghala, Muscat), Ghala Industrial Area Branch (6420 Way,Ghala, Muscat), H.O. Branch ( Al Matar St.,Seeb Air Port Bridge, Muscat), Haffa ( As Sultan Qaboos Street,Haffa, Dhofar),Haima(Al Wusta Region, Dhakiliya), Hattat House(Hattat R -A,Wadi Adai, Muscat),Ibra( Main road of Ibra,Ibra, Sharqiya),Ibri Al Iraqi( Iraqi Street,Ibri, Dhahirah), Ibri Jubail( Jubail Street,Ibri, Dhahirah),Ibri Souq (Souq Ibri Street,Ibri, Dhahirah), Izki(AL Madfaiia,Izki, Dhakiliya), Jaalan Bani Bu Ali( Jaalan Bani Bu Ali street ,Jaalan Bani Bu Ali, Sharqiya), Jaalan Bani Bu Ali(New, Jaalan Bani Bu Ali, Sharqiya),Jibroo( Al Meena a Street,Jibroo, Muscat),Khaboura (Al Khaburah,Khaboura, North Batinah), Khasab (Musandam Region)(Bukha – Khasab, Dhahirah),KOM( Al Jameah St.,Knowledge Oasis Muscat, Near to Medil East college, Muscat),Liwa( Sur Al Abri,Near to Sama Liwa, North Batinah), Lizough(Bid Bid – SUR Rood,Lizough, Dhakiliya), Maabela(As Seeb St.01, way no. 7032,Maabela, Muscat), Maabela Industrial Branch ( Way no 7749,Maabela Industrial Area, Muscat), Maabela South ( Al Khayr St.,Maabela South, Muscat),Madina Qaboos Branch (Al Bashair St.,Madina Qaboos, Muscat), Mahda (Mahda, Dhahirah), Mahoot ( MAHOOT, Muscat), Manah (Manah Street,Manah, Dhakiliya), Marfa Daris (Marfa Daris Road,Dareez, Dhakiliya) Markaz (Al Bahja),Al Mouj St (Al Hail, Muscat),Marmul ( Marmul, Dhofar),Masirah ( Hilf, Sharqiya), Mawaleh (Mazon St.,Mawaleh, Muscat) and MBD ( Markaz Murrah Al Tijari Street,MBD- Ruwi, Muscat).

Its ATMs include; Adam Branch (Opposite of Majles A lAin, Souq Road, Dhakiliya), Al Afiya Branch (Opposite of shell filling station, Snaislah Street, Sharqiya), Al Amerat – Mahaj( Near OIFC, Bldg # 942, Al Amerat Street17, Muscat) and Al Amerat Branch( Near Jotun paint Building #94, Al Amerat Street, Muscat ) among many others.

The vision, mission, and goal of the bank

The vision for bank muscat is to set new banking excellence standards; our products and services will continue to serve customers better. To achieve these visions, the team works vigorously to attain the client's expectations as they are maintaining service quality and efficiency, and they prioritize customer needs in various business units. The bank's goal is to be an international best practices leader and strives to remain the bank of choice in all products and services (Seddon, 2013, p).

Types of product and service bank muscat offers

Bank muscat offers the following services that are retail banking, corporate banking, investment banking, treasury, and international banking, as the board of directors manages the company's assets. For products' case, the banks offer both personal loans, fixed and variable – rates loans. Also, the banks allow both long terms fixed deposits and short-term deposits that are unfixed. The bank's miscellaneous services include specials offers and promotional services to its customers. Offers like special dining offers and among others (Howson, n.d., p).

Bank's requirement

Bank of muscat has provided card fewer transitions for retail banking services as they employ smartphones to carry out their withdrawal transactions on the Bank Muscat mobile app on their phone. Hence one needs a smartphone to access retail banking services. For corporate banking, one needs to have a credit card as a requirement for home loans, personal loans, and business loans (Bricault, 2012, p).

Conclusion

In conclusion, the bank muscat is the strongest bank in Oman with well established, which provides retail banking with an experienced team of experts who assist in building the bank since its establishment in 1982. The bank focuses on providing quality products and services to its customers. The bank work in line with its core values to attain its vision and goals. These values include: integrity, one bank, execution, quality of services, and customer-first to enhances its operation in all those segments. The bank muscat has won a lot of awards from 2008 to 2020, making the firm to be the best in offering its products and services. The bank's goal is to be an international best practices leader and strives to remain the bank of choice in all products and services. The bank has 149 bank branches with 645 ATMs and CDMs, and more than 10,000 PoS machines as the client also can access the bank services through call Centre for 24 hour and other bank's internet facilities. (Howson, n.d., p).

Recommendations

The bank muscat is the best bank for both retail and corporate banking for the growing customer to choose it since their product and service are of high quality, upholding the firm's core values such as integrity, one bank and customer first—download bank muscat mobile app to facilitate an easy way of carrying out banking operations. For any inquiries, one can contact the national bank hotline that is operational 24 hours as well one can visit them on their branches that are available countrywide (Seddon, 2013, p).

References

Bricault, G. C. (2012). Major companies of the Arab World 1988. Springer Science & Business Media.

Howson, P. (n.d.). The business year: Oman 2020. The Business Year.

The report: Oman 2009. (2009). Oxford Business Group.

Seddon, D. (2013). A political and economic dictionary of the Middle East. Routledge.