Partnering with businesses across Oman to deliver efficient SME Banking Solutions
Bank Sohar is dedicated in promoting sustainable development in Oman. As part of its ongoing efforts to encourage Small and Medium enterprises (SMEs) and to support the In-country Value (ICV) in the sultanate, the SME unit is formed with a business focus to address the banking requirements of SMEs, Omani Entrepreneurs and other businesses of Omanis. The SME corporate Banking Unit under Wholesale Banking Division focuses on servicing commercial ventures of individuals and corporates having turnover upto OMR 3.0 Mn and maximum exposure of OMR 2.5 Million with a view to provide the SME entrepreneurs with superior & faster services.
The focus under this segment is also on small and medium size businesses in the industries with national priorities namely Construction, Property development, Trading, Manufacturing, Retail & Wholesale trade, Transportation, Hospitality, Communications, Education, Oil & Gas Industry, Tourism, Services etc.
The AIM of the SME unit is
“To contribute to the advancement of the Oman national economy and decrease unemployment through the continuous development and upgrading of the Small and Medium Enterprise sector”
The unit also streamlines the processing of loan requests and ensures fast delivery of credit to clients in this segment. Along with growth in the asset portfolio, the unit also ensures that the credit quality of the same is kept in line with the business strategy of the Bank. The SME Corporate Banking Unit is headed by AGM & Head-SME, Mr. Abdul Hafeedh Al Balushi and his team can be contacted at: