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Created before Nov 2016 Last update: Sep 17 2021
About Bank Muscat Bank Muscat, founded in 1982, is a large commercial bank in the sultanate of Oman. The bank provides corporate banking, retail banking, investment banking, islamic banking, treasury, private banking and asset management services. In addition, the bank has direct and indirect presence in all six Gulf Cooperation Council states, a representative office in Singapore which focuses on financial institutions and trade business, and is an associate in a securities company in India. Bank Muscat was the first Middle Eastern bank to adopt the Equator Principles in 2007, and is profiled as part of BankTrack's Tracking the Equator Principles campaign.
Website http://www.bankmuscat.com
Headquarters Markaz Al Tejari Street P.O. Box No.134 Post Ruwi Muscat Oman
CEO/chair Sheikh Waleed Khamis Al Hashar CEO
Supervisor Central Bank of Oman
Annual CSR Report 2020 reports Annual report 2020
Ownership listed on London Stock Exchange & Muscat Securities Market Bank Muscat's major shareholder is the Oman sultanate (23.625%), the bank's complete shareholder structure can be accessed here.
Complaints Bank Muscat does not have a complaints or grievances channel for individuals or communities who might have been and affected by the bank's finance. grievances
Sustainability
Voluntary standards Bank Muscat has committed itself to the following voluntary standards: Equator Principles Global Reporting Initiative UNEP Finance Initiative
Investment policies Bank Muscat has no publicly available investment policies. The bank's webpage on corporate social responsibility can be accessed here.
BankTrack campaigns and Bank Muscat
Equator Principles
Implementation and reporting The Equator Principles require that adopting banks publicly report on the implementation of the principles. You can find the reporting requirements for EPFIs here. Bank Muscat is reporting on the implementation here.
Contact and complaints The Equator Principles currently lack a formal complaints mechanism. Should you have any concerns or complaints about how the Equator Principles are being applied in a specific project in which Bank Muscat is also involved, please get in touch with our Equator Principles team.
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