Bank Muscat

Established in 1982 as Oman Overseas Trust Bank, BankMuscat has seen some major mergers and acquisitions to come into the current status and size. It merged with Al Bank Al Ahli Al Omani in 1993. In 1999, it again merged with Commercial Bank of Oman. Then a third merger came again in 2001 when Bank Muscat merged with Industrial Bank of Oman. Finally, Bank Muscat merged for the fourth time with the National Bank of Oman in September 2004.

Not only that, BankMuscat also has a strategic stake in a Bahrain based commercial bank, BankMuscat International (BME) Bank. It also has a 43% stake in Mangal Keshav Group - a well known and the oldest securities houses in Indian equities market. In 2008, BankMuscat also acquired 35% stake in Saudi Pak Commercial Bank

Bank Muscat or BankMuscat (BKMD) is Oman's largest bank with a total asset base of more than US $13 billion. It is also the first Oman company to get enlisted in the London Stock Exchange in October 2005. Bank Muscat is also listed on the Muscat Security Market. Currently, it has an extensive network of more than 115 branches. It also has a branch in Riyadh (Saudi Arabia). There is a Representative Office in DubaiUnited Arab Emirates) as well.