Ahlibank ranked ‘No. 1 in Oman’

The survey by Oman Economic Review – Gulf Baader Capital Markets ranked ahlibank ‘No. 1 Bank in Oman’ in the midsize banks category

MUSCAT: ahlibank was ranked the ‘No. 1 Bank in Oman’ in the mid-size banks category in the recent ‘OER-GBCM Best Bank’s in Oman’ survey 2017. The survey by

(OER)–Gulf Baader Capital Markets (GBCM) acknowledges the achievements of the best performers in the banking sector in the Sultanate.

The recognition indicates the strength of bank’s performance, its commitment to customers, superiority of its fully integrated business and its sustained efforts to deliver quality services.

Lloyd Maddock, chief executive officer said, “To be recognised with the overall Best Bank Award in the mid-size banks category validates the hard work that the entire ahlibank team put in to deliver quality services and products, to enhance shareholder value, and to remain an institution of choice for customers, employees and investors. The recognition is reflective of our continuous efforts to offer great customer experience, in line with today’s consumer expectations. We acknowledge the guidance of the Board of Directors and our strategic partner, the Ahli United Banking Group.”

Although 2016 was a challenging year for the banking sector in Oman, ahlibank achieved a net profit after tax of OMR 29.6 million, an increase of 6.9% compared to 2015. The financial results for 2016 reflected growth in key areas in line with the bank’s business plan. Total assets at 31 December 2016 stood at OMR1.9 billion showing growth despite strong headwinds.