(MENAFN- Muscat Daily) Muscat- Bank Muscat has won four prestigious Emeafinance awards - Best Bank, Best Investment Bank, Best Asset Manager and Best Private Bank in Oman.
Omar al Musafir, chief representative officer at UAE representative office of Bank Muscat, received the awards at a ceremony held in Dubai attended by senior bankers from the region.
AbdulRazak Ali Issa, chief executive of Bank Muscat said, 'Bank Muscat is proud to win the four Emeafinance awards, which highlight performance excellence and innovative strategic initiatives. Time and again, the performance of Bank Muscat is endorsed by the global banking community. The awards reflect the consistency of performance and the bank prides itself in its deep understanding of customer needs, offering financial expertise and guidance at all levels.
In step with the dynamic vision 'To serve you better, everyday', Bank Muscat is focused on customer-centric initiatives to retain the competitive edge in the market.'
Bank Muscat has a highly rated team of investment banking professionals, which forms the basis of its position as a partner of choice.
During 2017, the Bank's efforts in enhancing the strategic financing alternatives of corporates and developing the capital markets yielded superior results and global recognition. Marking a successful year, the bank's investment banking division completed transactions of an aggregate value of US$7.3bn, including a number of first-of-their-kind transactions.
Bank Muscat's private equity and asset management division, which notched US$2.5bn assets under management in 2017 is among the leading asset managers in the GCC. Bank Muscat's Oryx Fund finished the year with the best performance among peer group generating a return of 13.8 per cent compared to a decline of 0.7 per cent for the benchmark S & P GCC Index. It grew by more than 40 per cent in 2017 to surpass US$50mn and is amongst the largest funds in the GCC.
Bank Muscat's private banking provides a wide range of wealth management solutions, including investment, wealth structuring, advisory and banking across multiple jurisdictions around the globe and diverse asset classes.
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