Complex Made Simple

BankDhofar bags ‘Best SME Bank Oman 2015’

Global Banking & Finance Reviewrecognises BankDhofar SME initiatives.

BankDhofar has been named the ‘Best SME Bank Oman 2015’ by Global Banking & Finance Review, in yet another international recognition of the bank’s continuous efforts to support the small and medium enterprises.

Global Banking & Finance Review awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the global financial community. The awards were created to recognise companies of all sizes which are prominent in particular areas of expertise and excellence within the financial world.

Hussain Ali Al Lawati, Head of Corporate Marketing & Business Development – Wholesale Banking, noted: “As a key player in the Omani private sector and being a major contributor in driving the development and growth of the national economy, BankDhofar is committed to support the SME sector via introducing SME related financial solutions and strategic guidance, in addition to numerous facilities that are exclusively offered to meet the needs of our SME customers.”

In the past few years BankDhofar adapted several strategic initiatives to further cement its stronghold in the market and cater to all businesses from large corporates to SMEs, providing a full array of banking products, quick turn-around time, improved cash management & competitive service charges. The bank has introduced solutions for SMEs to revitalise their businesses and to grow by utilising the various creative solutions that include overdraft facilities, letters of credit, loan against trust receipts, term loans, bill discounting, advance payment guarantees letter of guarantee, online banking and POS machines among a wider selection of services.

“In order to facilitate and support small and medium enterprises across the Sultanate, we launched a customised bundle of offers through the new ‘Entrepreneur Account’. We at BankDhofar are very proud to be one of the leaders among the private sector organisations in terms of providing SME’s exclusive banking products and services, advisory and mentorship, and now the brand new Entrepreneur Account that is available in all our branches across the Sultanate,” added Al Lawati.

The Entrepreneur Account is designed to provide the best banking experience that is tailor-made to suit the diverse needs and requirements of BankDhofar SME customers and ambitious entrepreneurs in all business areas.