Complex Made Simple

BankDhofar Corporate customers attend Annual Trade Finance Seminar

In context with its constant drive to support corporate customers, BankDhofar recently conducted its Annual Trade Finance Seminar at the Crown Plaza Hotel in Muscat. The event, which aimed to spread first-hand knowledge among participants on the aspects of international trade finance, was attended by a group of finance managers and trade finance personnel who represented customers from large companies as well as small and medium-sized enterprises.

Commenting on the importance of the seminar, Kamal Hassan Al Murazza, DGM – Wholesale Banking, said: “BankDhofar works tirelessly to support its customers on the retail and corporate levels likewise. This annual seminar provides a platform for us to meet with our respective corporate customers and also gives us all the opportunity to interact and share knowledge on the trade finance sector. This does not only strengthen our relationship with our corporate customers, but also helps us better understand their needs and requirements in order to provide them with the best banking services and products available in the market.”

During the seminar, participants discussed various topics relevant to local and global trade finance and touched base with the challenges, opportunities, insights and latest trends in the sector. A vast array of BankDhofar products, services and trade finance solutions were presented during the seminar where participants also shared their experiences and exchanged perspectives on several areas of common interest.

“BankDhofar aspires to provide corporate customers with an insightful understanding of the global market and to keep them cognisant of the developments in the international trade finance sector. We want to ensure that our corporate customers are acquainted with the latest trends in the industry, and we stress our commitment to meet their financing needs and exceed their expectations,” said Al Murazza.

BankDhofar continues to be a leader in the market and a major contributor to the financial services sector in the Sultanate. As a part of the Bank’s increased emphasis on trade finance, a special unit has been created to attend to specialised requirements of the customers in this area. Corporate customers can enjoy a full array of import-export products and services, including centralised trade finance facilities, competitive foreign exchange rates, faster payments, quick turn-around time, improved cash management, competitive service charges, import letters of credit and collection bill services, arranging buyer’s credit, export LC advising and confirmation, export collections, export bill purchase and discounting, bid and tender bonds, receipts of remittance from overseas (Inward Remittance) services and overseas payment services (Outward Payments).

For more convenience, internet banking channels are available 24/7 to provide instant banking services to BankDhofar corporate customers. Dedicated business centres across the Sultanate also offer state-of-the-art banking services to further boost BankDhofar’s support to the SME sector as well as corporate customers. Today there are seven dedicated centres nationwide, providing services to customers in Ghala, Muscat Grand Mall, Nizwa, Al Buraimi, Salalah, Sur and Sohar.