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Bank MuscatOman
Created before Nov 2016
Last update: 2018-10-30 14:44:09
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About Bank Muscat
Bank Muscat head offices Oman. Photo: Richard Melson via Google images (non commercial reuse)Bank Muscat was founded in 1982, and is currently the leading financial services provider in the sultanate of Oman. The bank provides services in corporate banking, retail banking, investment banking, islamic banking, treasury, private banking and asset management. In addition, the bank has direct and indirect presence in all six GCC (Gulf Cooperation Council) states, a representative office in Singapore which focuses on financial institutions and trade business, and is an associate in a securities company in India. Bank Muscat was the first Middle Eastern bank to adopt the Equator Principles in 2007, and is profiled as part of BankTrack's Equator Principles Track and Chase project.
| Website | http://www.bankmuscat.com |
| Headquarters |
Markaz Al Tejari Street
P.O. Box No.134 Post Ruwi
Oman
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| CEO/chair |
Abdul Razak Ali Issa Chief Executive |
| Supervisor | |
| Annual reports |
Annual report 2017 Sustainability report 2017 |
| Ownership |
listed on London Stock Exchange & Muscat Securities Market
Bank Muscat's major share holder is the Oman sultanate (23.63%), the bank's complete share holder structure can be accessed here. |
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Policies
Voluntary initiatives
Bank Muscat has committed itself to the following voluntary standards:Investment policies
Bank Muscat has no publicly available policies. It's webpage on corporate social responsibility can be accessed here.
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Issues
Bank Muscat and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Bank Muscat adopted the Equator Principles in 2007.
Reporting on the Equator Principles
Bank Muscat must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Bank Muscat is in compliance with its reporting obligations. The 2017 report can be found here.
Equator Principles
Implementation and reporting
Bank Muscat is reporting on the implementation here.
Contact and complaints
Good moves
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