Bank Muscat wins GTR Award for Best Trade Finance Bank in Oman

Muscat: Bank Muscat, the flagship financial services provider in the Sultanate, has won the Best Trade Finance Bank in Oman 2020 from Global Trade Review (GTR) magazine for the second consecutive year.
Bank Muscat is well recognised as a leading provider of trade finance services in the region and is a winner of multiple awards for its excellent portfolio of trade services.
The Global Trade Services team at Bank Muscat blends traditional financial solutions with tailor-made packages for operations, ensuring prompt payments, managing liquidity and minimising exchange rate risk.
To meet the challenging demands of exporters, importers and local traders, Bank Muscat offers customised solutions with its strong global network.
Bank Muscat issues Letters of Credit, various types of Guarantees, Standby LCs, handles document under collections, checks documents under export Letter of Credits, and provides different financing solutions like forfaiting, receivables finance, trust receipts etc., to its exports and imports customers. Notably, the bank has continued to provide its Global Trade Services portfolio to its institutional and corporate customers despite the operational and social distancing challenges posed by the ongoing Covid-19 pandemic.
Fatma Khalifa Ali Al Maskiry, AGM - Global Trade Services, said: “We are delighted to win the prestigious GTR award for Best Trade Finance Bank in Oman for the second consecutive year. The award is a validation of the excellent Global Trade Services provided to our corporate clients in Oman, and it has been well appreciated by the global banking community. The bank’s processes and technology are designed to drive future corporate transactions and digital banking requirements, and we remain committed to the success of all our institutional and corporate clients.”
Bank Muscat has been providing international trade finance and lending solutions to the bank’s institutional clients in both developed and emerging markets. It is continuously bettering its already excellent performance and the level of banking services and initiatives.
Bank Muscat recently took its digital initiative forward with the introduction of e-application, making it possible for its customers to electronically initiate their trade finance transactions. The bank has been consistently recognised at the national, regional and international stage as a clear leader in financial services and products.
The bank has achieved many accolades over the past few years from top-rated international publications like by Forbes Middle East, The Banker, EMEA Finance, Euromoney and Global Finance in recognition of its excellence in banking and finance.