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Bank Sohar conducts specialised finance training

The training programme focused on fundamentals of accounting, financial analysis, and cash management for value growth to senior non-finance executives.

Bank Sohar recently conducted a specialized training course titled ‘Finance for Non-Finance’ for internal staff.

Designed and delivered by KPMG, the two-day training programme was conducted at the Bank’s Learning Centre in Al Qurum and focused on fundamentals of accounting, financial analysis, and cash management for value growth to senior non-finance executives.

Such training is in line with the consistent efforts made by the Bank to ensure that their staffs are always effectively geared towards facing any market challenge.

Highlighting the importance of ongoing professional development and training, Ms. Munira Abdulnabi Macki, DGM of Human Resource and Corporate Support at Bank Sohar noted, “In light of the competitive environment that we work in, it is vital for all executive members in the Bank to retain a financial background and competence over and above their departmental environment.”

“Acknowledging the fundamentals of finance will always serve as an added value and help staff to develop their skills for analysing financial reports, income statements and balance sheets; which will in turn significantly assist them in making the right financial decisions and forecasts within each of their respective departments,” she added.

The programme was designed to provide basic knowledge of accounting and finance and help the participants in establishing a logical framework to gain an insight into financial statements analysis, budgeting, working capital management, capital investment and cost control.

As a result, it equips the participants with the appropriate skills required in finance to deal with changing business environments and help them make better strategic and operational decisions.

“Conducting this training course comes in line with the Bank’s strategy of keeping up with the latest human resource development practices and also provides our staff with opportunities to develop their skills, and themselves as an individual, to progress within the organisation. This in turn helps us preserve a strong and productive workforce that can better serve the needs of our valued customers as well as help reinforce our position us as one of the leading banking institutions in the country,” added Ms. Munira Abdulnabi Macki.