National Bank of Oman not affected by global financial meltdown: Sims |
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MUSCAT -- National Bank of OmanNational Bank of Oman
took part in the 'Discussion Forum', organised by Muscat Securities Market (MSM)Muscat Securities Market (MSM) at the MSMMSM head office on Tuesday in its continuous endeavour to maintain transparency and disclosure. The forum was attended by senior representatives from MSMMSM
, Pension Funds, brokerage and securities companies, banks as well as members of the press. NBONBO
was represented at the forum by Murray Sims, chief executive officer; Taqi Ali Sultan, general manager, head of Organisational Effectiveness; Humayun Kabir, general manager, chief financial officer; Nasser Al Rashdi, deputy general manager, head of Credit and Market Risk; Sayyid Wasfi Jamshid Al Said, deputy general manager, head of Investment Banking and Hassan Abdul Amir Shaban, assistant general manager, head of Corporate Communications. Addressing the forum, Sims said NBONBO
was currently embarking on a strategy that focuses on sustainable profitability in all aspects of the bank's operations. This would be achieved through effecting quality investment opportunities, expanding the bank's distribution by opening new branches and providing new innovative products and excellent services that cater to the needs of different customers.
Sims also clarified that NBONBO
had not at all been affected by the recent unfavourable financial developments currently dominating the international economy, assuring the solidity of the bank's position, both at the local and the international level, particularly with regard to the bank's capital and the availability of liquidity for running the bank's operations. He specially commended the continuous support rendered by the different government bodies to all banks and investment companies in Oman, and thanked in particular the Central Bank of Oman, Capital Market Authority (CMA) and other regulatory bodies for their continuous guidance and support to the banks in providing the necessary precautionary tools and guidelines to enable continuity of financial operations.
© Times of Oman 2008
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