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Muscat - Beginning the New Year on a high note, HSBC Bank Oman S.A.O.G. announced the 10 lucky winners of the OMR 1,000,000 Mandoos Grand Prize draw in an event held at its head office. The lucky winners from across the different regions of Oman joined the event where they were delighted to receive their prizes.
Abdul-Qader Al Sumali, General Manager, Retail Banking & Wealth Management, HSBC Bank Oman, said, "Over the years, our Mandoos Savings Scheme has successfully encouraged more and more customers to adopt prudent saving habits. For 2015, our Mandoos Savings Scheme has been strategically redesigned to complement the wide range of HSBC's retail banking products and services and offers even more chances for our new and existing customers to win."
In addition, the Bank has launched its 2015 Mandoos prize scheme structure, which will give more customers the chance to win by simply saving. The new Mandoos scheme will allow one lucky customer to win the Grand Prize in December, as well as multiple draws of OMR 25,000, OMR 10,000 and OMR 1,000 throughout the year.
Mandoos is a non-interest bearing savings account that requires customers to maintain a minimum balance of OMR 100 for one month to be eligible for all prize draws including the Grand Prize. Furthermore, every OMR 100 deposited into a customer's Mandoos account will grant one additional entry into each draw.
HSBC Bank Oman is the second largest bank in the Sultanate, operating an extensive network of 75 branches and over 120 ATMs across the country. Through state-of-the-art delivery channels, the Bank offers products and services designed to serve the needs of retail, corporate and institutional customers. Today, HSBC Bank Oman is part of a global network of 6,200 offices in over 74 countries and territories in Europe, Asia, North and Latin America, the Middle East and Africa.
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About HSBC in the MENA Region
HSBC is the largest and most widely represented international banking organisation in the Middle East and North Africa (MENA), with a presence in 13 countries across the region. HSBC has operations in the United Arab Emirates, Egypt, Qatar, Oman, Bahrain, Kuwait, Lebanon, Pakistan, Algeria and the Palestinian Autonomous Area. In Saudi Arabia, HSBC is a 40% shareholder of Saudi British Bank (SABB), and a 49% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. HSBC also maintains a representative office in Libya.
This presence, the widest reach of any bank in the region, comprises some 295 offices and around 12,000 employees. In the year ending 31st December 2013, HSBC in the MENA region made a profit before tax of US$1.7bn.
About HSBC in Oman
HSBC is the largest international bank operating in the Middle East, and Oman is an important market in the region for the bank. Oman has one of the most stable political, social and economic environments in the region, with a growing economy supported by a young population and significant investments in infrastructure.
Oman is also a key access hub to the fast-growing trade corridors connecting the MENA region with Asia - a major focus for growth for HSBC. Its economy is forecast to grow at a compound annual growth rate of 4%1 forecast from 2011 to 2016.
About HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from over 6,200 offices in over 74 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,729bn at 30 September 2014, HSBC is one of the world's largest banking and financial services organisations.
For more information, please contact:
Shaza Taher
Associate Media Relations Director
TRACCS Oman
Telephone: +968 24 649-099
Email: shaza.taher@traccs.net
© Press Release 2015
