National Bank of Oman Wins The ‘Best Wealth Management Business’ in Oman At the Asian Banker Awards in Dubai

Recognizing its achievements in pioneering innovation and service excellence, NBO has been recognized by the Asian Banker Oman Award 2019 winning the Best Wealth Management Business (Affluent Segment) in Oman. The awards serve to highlight the bank’s efforts to spearhead the transformation of the banking industry, in particular, the quality of its offerings in the affluent segment.

“Being recognized by the Asian Banker as best wealth management business in Oman is a testament to Sadara’s diverse and comprehensive product suite”, said Wessam Al Asfoor, Head of Sadara Wealth Management and Private Banking at NBO. “We take great pride in the team we have. These relationship managers are ‘hand-picked’ from Oman’s talent pool and uphold the highest standards of client servicing and work together with our customers to create bespoke wealth management solutions to help them grow, preserve, transfer and structure their wealth in accordance with their goals.”

The bank’s Wealth Management and Private Banking proposition, Sadara, is designed to meet the banking and investment needs of its high net worth clients, offering customized investment and insurance products and solutions, a full product suite and personalized services. Responding to the increasing demand for exclusive banking services across the Sultanate, NBO has continued to expand and enhance its product offerings, in particular its digital capabilities. Recently, NBO became the first local bank to launch the Systematic Investment Plan (SIP) focused on the global financial markets to help customers streamline their investments and create wealth to meet their long-term financial goals.

The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. For the first time this year, the international awards body has operated an Oman-specific version, focusing on efforts at the local level that are unique and specific to the Oman market.

The awards are added to a string of accolades the bank has received for its innovative and customer-centric banking solutions. These include most recently the Best Prepaid card of the year, Best Prepaid Product of the year, and Card innovation of the year from the Middle East Card and Payments Leadership Awards, Best Mobile Banking Application - Oman 2019 from International Business Magazine and more recently Best Innovation Centre for its “Ibtikar Lab” again at the Asian Bankers award.