National Bank of Oman
Founded in 1973, National Bank of Oman was the country’s first local bank, forging a rich history with Oman’s local businesses and its economy at large. Today, it is one of the largest banks in Oman, with a paid up capital of OMR (Omani Rials) 110.8 million (US$ 288 million) and a regulatory capital of OMR 377.8 million (US$ 981 million)*.
The National Bank of Oman JSC was established under registration no. 1003704 with an initial capital of OMR 500,000 and commenced operations with two branches in 1973. WJ Towell & Co. and Bank of America were the Bank’s initial principal shareholders, with holdings of 51 per cent and 39 per cent respectively. In 1987, Bank of Credit and Commerce International (Luxembourg) Holdings SA (BCCI) acquired Bank of America’s 39 per cent stake. In 1991, when the operations of BCCI were suspended, the Bank was re-capitalised by the Omani Government. In 2003, Suhail Bahwan Group (SBG) acquired a 35 per cent holding of the Bank through a private issue of share capital. In 2005, SBG and certain other minority shareholders divested part of their holdings to Commercial Bank of Qatar, which currently holds 34.9 per cent of the Bank’s issued share capital.
With a mandate to fulfill the financial needs of its customers across all segments, National Bank of Oman puts special emphasis on making banking more convenient, accessible and enjoyable for all customers.
We offer cutting-edge financial solutions, designed to keep pace with the needs of individuals and businesses. With the global nature of banking and business in mind, we provide for all financial requirements within the Sultanate of Oman and beyond, ensuring we have the expertise and the technology to be a trusted partner in all their clients’ financial dealings.
In addition to a robust Personal Banking Division that offers accounts, loans, insurance and investment opportunities, the bank also has a respected Wholesale Banking Group and an Investment Banking Division.