National Bank of Oman (NBO)
Top 50 Banks in The Middle East

Rank: 44

National Bank of Oman (NBO)

Date of Establishment: 1973
Country: Oman
CEO : Abdullah Zahran Al Hinai

Sales: $515 million

Profits: $47 million

Assets: $9.4 billion

Market Value: $820 million


NBO provides banking services through a network of 62 branches, including two in the U.A.E. In 2020, the bank donated around $2.7 million to charitable organizations, including $1.8 million to COVID-19 relief efforts in Oman. It accelerated its digital transformation in 2020 by using its Corporate Internet Banking (CIB) platform, which helped achieve an 18% increase in new clients, 69% growth in transaction values, and around 150% rise in the volume of digital transactions. Chairperson Amal Suhail Bahwan is also the vice chairperson of Suhail Bahwan Group Holding, which owns 14.7% of the bank.