National Bank of Oman
Encyclopedia
The National Bank of Oman (NBO) is the second-largest bank
in the Sultanate of Oman
.
Founded in 1973, as of December 31, 2007 it has a net worth of RO (Omani Riyals
) 220.5 million, with a paid up capital of RO 92 million (US $ 239 million). The bank runs 54 branches across Oman but has its headquarters based in Muscat
, and runs 128 ATMs as well as 5 branches in Egypt
and 1 in the United Arab Emirates
.
Ownership of the bank comprises a 34.9% share held by a leading private sector investor and 27% of its equity controlled by public sector agencies. The remaining equity is held by leading private sector investors in Oman.
In 2006, the Bank won the "Best Bank in Oman 2006" accolade, awarded by The Banker Magazine and Financial Times Business of the United Kingdom. In 2007, the Bank was awarded the "Best Corporate Social Responsibility Award 2007", by the World Finance Magazine.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
in the Sultanate of Oman
Oman
Oman , officially called the Sultanate of Oman , is an Arab state in southwest Asia on the southeast coast of the Arabian Peninsula. It is bordered by the United Arab Emirates to the northwest, Saudi Arabia to the west, and Yemen to the southwest. The coast is formed by the Arabian Sea on the...
.
Omani rial
The rial is the currency of Oman. It is divided into 1000 baisa .-History:Before 1940, the Indian rupee and the Maria Theresa Thaler were the main currencies circulating in Muscat and Oman, as the state was then known, with rupees circulating on the coast and Thaler in the interior...
) 220.5 million, with a paid up capital of RO 92 million (US $ 239 million). The bank runs 54 branches across Oman but has its headquarters based in Muscat
Muscat, Oman
Muscat is the capital of Oman. It is also the seat of government and largest city in the Governorate of Muscat. As of 2008, the population of the Muscat metropolitan area was 1,090,797. The metropolitan area spans approximately and includes six provinces called wilayats...
, and runs 128 ATMs as well as 5 branches in Egypt
Egypt
Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...
and 1 in the United Arab Emirates
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...
.
Ownership of the bank comprises a 34.9% share held by a leading private sector investor and 27% of its equity controlled by public sector agencies. The remaining equity is held by leading private sector investors in Oman.
In 2006, the Bank won the "Best Bank in Oman 2006" accolade, awarded by The Banker Magazine and Financial Times Business of the United Kingdom. In 2007, the Bank was awarded the "Best Corporate Social Responsibility Award 2007", by the World Finance Magazine.