Bank Muscat - BKMB

Activities

Bank Muscat (BKMB), headquartered in Muscat, Oman, was established in July 1982 and has been listed on the Muscat Securities Market since January 2007. The bank is a leading financial services provider in Oman, offering a wide range of commercial and investment banking services. It has a strong presence in retail banking, Islamic banking, investment banking, corporate banking, treasury, private banking, and asset management.

Business Segments
Consumer Banking: Provides accounts, deposits, insurances, loans, mortgages, money transfers, remittances, card services, payment facilities, and priority banking.
Corporate Banking: Offers financing solutions, project and structured finance, and corporate services.
Wholesale Banking: Includes asset management, private banking, investment banking, financial institutions group (FIG), treasury, and capital markets.
Al-Wathbah Segment: Focuses on products and services for small-and-medium-sized enterprises (SME), including program lending, SME finance, and SME services.

Network and Presence
Bank Muscat boasts the largest network in Oman, with 174 branches, 645 ATMs & CDMs, and over 10,000 points of sale (PoS) terminals. The bank also has 11 subsidiaries operating across Southern and Central Asia and the Middle East, and international branches in Riyadh (Saudi Arabia), Kuwait, and representative offices in Dubai (UAE) and Singapore.

In the first quarter of 2024, Bank Muscat reported a net profit of $140.9 million, a 5.7% increase compared to the same period last year. This performance underscores the bank's continued growth and stability in the financial sector.