29/07/2018 08:04 AST

Expanding its operational network to provide further convenience to its customers, Bank Sohar has introduced two new offsite ATMs at two of Oman’s most recent landmark developments, including the Muscat International Airport, arrivals hall, and the new Oman Convention and Exhibition Centre.

Commenting on Bank Sohar’s growing network, Rajeev Arora, DGM and Head of Retail Banking, said, “Our robust commitment to improving customers’ banking experience constantly seeks to provide service solutions and other innovative products that are not only beneficial, but capable of positively impacting our customers’ everyday life."

"Our ATM network is at the core of this when we consider the range of services available through these facilities; it is not just a matter of conveniently withdrawing cash. In this Year of YOU, from a customer experience standpoint and commitment, installing ATMs at strategic landmarks with a high footfall ensures that we service our customers as well as the wider market more efficiently and effectively,” he added.

These two new ATMs come in line with an ongoing strategy to expand the service touch-points with customers. Earlier this year, Bank Sohar installed two ATMs at Oman Oil Refineries and Petroleum Industries Company (ORPIC) in Sohar and Marmul Travel and Tours’ Head Office in Al Khuwair respectively, and with the recent addition, the Bank’s growing ATM network now has 65 ATMs across Oman. Bank Sohar customers can also enjoy cash withdrawal services at over 1,000 ATMs across the Sultanate that operate under the ‘OmanNet’ platform.

On-site ATMs at Bank Sohar branches offer cash withdrawal and depository services, as well as fund transfer services, allowing customers to perform cash management 24/7 without having to visit branches during working hours. The bank’s ATMs at Buraimi, Shinas and Khasab borders offer customers - and other users - ‘Dirhams Dispensing’ services, adding immense convenience to business travelers transacting across the border on a regular basis, as well as customers visiting the United Arab Emirates.

Reinforcing its delivery of convenient and secure access points for customers, Bank Sohar’s e-channels encompass SMS Banking, Internet Banking services, including Oman’s first interactive e-statement service, and a specialised Mobile Banking application for both Android and iPhones. The bank further implemented the Mobile Payment Clearing and Switching System (MpClear) to enable customers in making immediate fund transfers using their smart device to access the mobile app.


Times of Oman

Bank Sohar Q2 net profit surges 21pc to $36m

31/07/2018

Bank Sohar, a leading bankin Oman, has posted a net profit of RO13.982 million ($36.23 million) for the second quarter (Q2) of the year as compared to a net profit of RO11.566 million during the same

Trade Arabia

Bank Sohar appoints Ahmed Al Musalmi as CEO

21/05/2018

Bank Sohar announced the appointment of Ahmed Al Musalmi as the new Chief Executive Officer with effect from May 20, 2018 taking over from Sasi Kumar who is leaving the bank after having served over

Times of Oman

Bank Sohar witnesses over 48.6 pc increase Q1 net profit

25/04/2018

Marking the completion of eleven years of banking excellence within the Sultanate, year 2018 witnesses yet another achievement for Bank Sohar as it announces its financial results for the first quart

Oman Daily Observer

Ticker Price Volume
BKSB Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
BKMB 0.37 0.00 (0.54%)
BKDB 0.16 0.00 (0.00%)
NBOB 0.19 0.00 (0.00%)
OMVS 0.35 0.00 (0.00%)
HBMO 0.12 0.00 (-0.85%)
Bahrain's Investcorp records $165m loss for 2019-20 financial year

06/08/2020

Bahrain’s Investcorp slipped into a $165 million loss for the 12 months ended June 30, against profits of $131 million a year ago.

The COVID-19 played its part in the loss, as fee income c

Gulf News

Aramex's revenue surges 4pc to $359m in Q2

06/08/2020

Aramex, a leading provider of logistics and transportation solutions, has registered a 4 per cent growth in its revenues for the second quarter which surged to hit AED1.32 billion ($359 million), com

Trade Arabia

Abu Dhabi's Waha Capital trims first-half 2020 attributable losses to Dh27.2m

05/08/2020

Abu Dhabi based investment company Waha Capital recorded a net loss of Dh27.2 million - attributable to shareholders - for the first six months of 2020, an improvement on the Dh124.38 million it rec

Gulf News

FAB issues Formosa bond globally

05/08/2020

First Abu Dhabi Bank (FAB), recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25 billion five-year issuance.

The Gulf Today

Etisalat to pay out Q2 interim dividends from August 11

05/08/2020

UAE's leading telecom services operator Etisalat Group has announced that the interim dividend of 15 fils per share for the second quarter will be paid out starting from August 11 through the First A

Trade Arabia