Muscat – Building on its long-standing relationship with the public sector, the National Bank of Oman (NBO) has been selected by the Tax Authority as its exclusive bank to manage the strategic account for Value Added Tax (VAT), which was introduced in May to add additional revenue to the government’s overall income as outlined in Oman’s 2040 Vision.
Hassan Abdul Amir Shaban, NBO’s General Manager - Chief Government Banking Officer, said, “We would like to thank the Tax Authority for their trust and confidence they have shown in our brand and our financial services by assigning such an important strategic account to NBO. We are proud of our long-standing relationship with the government which is line with our commitment towards the country’s economic development.”
Through a number of partnerships with both public and private entities, NBO is providing integrated banking services with an innovative approach. With a range of compelling solutions, products and world-class customer service, the bank is helping to support the Sultanate’s development, while cementing its position as a preferred financial institution.
About National Bank of Oman:
NBO, the first local commercial bank in the Sultanate of Oman, was founded in 1973 and is today one of the leading banks in Oman. The Bank serves its customers in Oman through 60 Branches, more than 180 ATM/FFM/CCDMs as well as two Branches in U.A.E.
The Bank is committed to community improvement through its corporate citizenship programs and is an active supporter of a range of worthy causes in Oman, with emphasis on health and human services, civic, education, environment, youth, women, arts and culture.
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© Press Release 2021