Input from industry analysts, corporate executives and technology experts were evaluated to decide the winners in addition to a poll of Global Finance’s readership to ensure the accuracy and reliability of the results. The awards identified the players who successfully navigated through changes in the global trade climate, Global Finance noted.
Tariq Atiq, DGM – transaction and public sector banking at Bank Muscat, said: “The performance of Bank Muscat is consistently endorsed by the global banking community and we are delighted to once again win the prestigious Global Finance award. With the best and most knowledgeable team in the country, Bank Muscat is ideally positioned to meet all trade finance requirements of corporate clients. The bank remains committed to partnering with all institutions and corporate clients for success, as the bank’s processes and technology are designed to drive future corporate transactions and digital banking requirements.”
Importers and exporters in Oman require specialist finance, including the facility to finance raw materials for processing before they sell the finished goods. Trade finance transactions are processed in multi-stages that run into many months.
The global trade services team at Bank Muscat blends traditional financial solutions with tailor-made packages for operations, ensuring prompt payments, managing liquidity and minimising exchange rate risk.