Muscat – Bank Nizwa celebrated four years of redefining Islamic finance in the Sultanate by winning the ‘Islamic Bank of the Year’ organized by the leading Corporate Livewire Finance Awards. This latest accolade joins a string of prestigious awards that celebrate the bank’s journey of sustainable growth through the delivery of excellence in product quality and service.
For the period ended 31st December 2016, Bank Nizwa reported a 49% increase in total assets reaching OMR 516 million compared with RO 346 million at end of December 2015. Deposits accounts also increased by 86% serving more than 70,000 retail and corporate customers. The mentioned rates have contributed to the marking of another milestone for the Bank, which led to a OMR 1.5 million operating profit.
He went on to say, “We believe that in order to sustain our position in the Sultanate’s financial market and to support our growth, we plan to continue to strengthen our financial performance and focus on innovation, market share, team and culture.”
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