BankDhofar remains strong with BBB+ Fitch rating

The ratings reflect BankDhofar's "good operating profitability and adequate liquidity". "BankDhofar's operating returns on average assets and average equity remains solid," "Its cost efficiency remains favourable" and all "are in line with their peers". Its asset quality is improving with "NPL ratio unchanged at 3.8% and the level of restructured loans moderated".

Tony Mahoney, BankDhofar's CEO said, "This is a significant achievement for us as we have continued to develop the bank strongly in 2012 and with so many exciting projects which should deliver further good growth in 2013."

BankDhofar has big growth plans in place to achieve its goal to become the best bank in the Gulf under the banner "the best bank for you". There has been much activity at BankDhofar over the last 12 months. The bank has focused heavily on customer service, has opened 6 Business Banking Centres around the country supporting the SME ambitions of His Majesty (check best wording), has committed to a "housing loan available for drawdown within 5 days of application" has launched their best in class Prize Draw Savings Scheme, is soon to open its first Maisarah Islamic Banking branches, had their first anniversary of our Ladies banking service and has launched an Academy for the training of its staff.

These are just a few of the projects they have in the pipeline the development of a strong senior management team.

With all this energy in the air BankDhofar is destined for great things in 2013. The BBB+ Fitch rating demonstrates that BankDhofar is on track to be the best bank in the Gulf, the best bank for you.