Emerging Corporate Banking Unit addresses the banking requirements of Small & Medium Enterprises (SMEs), Omani Entrepreneurs and the businesses of other Omani individuals. The Unit also targets on clients with turnover up to OMR 5 Million to address their banking requirements.
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 Unit in order to enhance the coverage and visibility it is designed to interact with local bodies, Government organizations which are dedicated to promoting SMEs and Omani Entrepreneurial potential.
One of the objectives of the Unit is to innovate Banking products that suit the needs of the small enterprises in the dynamic and constantly changing environment of Oman. 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 Emerging Corporate Banking team can be contacted at: