BankMuscat wins JPMorgan Chase Quality Recognition Award for 8th time

About BankMuscat (SAOG)
With asset worth over $11.9bn, BankMuscat (SAOG) is the largest financial services provider in Oman today with a strong presence in Corporate Banking, Retail Banking, Investment Banking, Treasury, Private Banking and Asset. The Bank has a network of 115 branches and over 283 ATMs and 67 CDM's in Oman, a branch in Riyadh, Saudi Arabia, and a representative office in Dubai (UAE). BankMuscat also has a strategic stake in Centurion Bank of Punjab, a private sector bank in India and currently owns 49% of BMI Bank B.S.C, an independent bank in the Kingdom of Bahrain that is focused on becoming a truly GCC bank. The Bank also has a 43% stake in the Mangal Keshav Group, one of the oldest and most respected securities houses in the fast-growing Indian equities market. Earlier this year, the Bank acquired a 35% stake in Saudi Pak Commercial Bank to enter the high-growth Pakistan Market.

About JPMorgan Chase 'Quality Recognition award'
The Quality Recognition award is presented to JPMorgan Chase clients who have achieved straight through rates in the area of funds transfer between 90% and 98.9% and relates to MT 103 transfers (which are customer related payments) that have been made by the Bank. It is only when the correct SWIFT message and format of the fund transfer payments are handled in an automated manner that straight through processing is achieved.

Since 1997, JPMorgan Chase has presented the Quality Recognition Award to clients who have achieved an outstanding level of operating excellence. The new JPMorgan Chase & Co. (NYSE: JPM) was created upon completion of the holding company merger between JPMorgan Chase and Bank One. The firm is a leader in investment banking; financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. has its corporate headquarters in New York and its U.S. retail financial services and commercial banking headquarters in Chicago. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients.


For more information, please contact:

Hassan Al Saleh
Trans-Arabian Creative Communications (TRACCS)
Muscat, Sultanate of Oman
Telephone: +968 24 605-028
Fax: +968 24 605-027

Or

Suha Al Raisi, Assistant Manager, Corporate Communications
BankMuscat SAOG
Telephone: +968 24768595

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