MUSCAT : Bank Muscat Private, the Sultanate’s premier banking service targeted at exclusive high net-worth individual customers, has once again won the prestigious “Best Private Bank in Oman” award from Professional Wealth Management/The Banker in 2020. This year’s award recognised the bank’s unmatched Private Banking offerings, which provide an exceptional breadth and depth of wealth management solutions, and adds to earlier awards from other prestigious publications including Global Finance and EMEA Finance. Bank Muscat Private is the Sultanate’s premier end-to-end wealth management solutions provider to ultra-high net worth clients. The investment offerings cover global markets and all asset classes, through a robust execution platform administered by experienced and dedicated Relationship Managers. 

Abdulnasir Al Raisi, DGM – Premier Banking, said: “Bank Muscat Private has been serving ultra-high net-worth individual and high net-worth clients for the last two decades and its high-end lifestyle benefits, private banking facilities and global investment options are unmatched in the Sultanate. This prestigious award reflects the consistency of performance, innovative strategies and standards of professionalism achieved by the bank conforming to international norms, standards and practices.”

Bank Muscat Private Banking services include conventional accounts, term deposits, currency exchange, domestic and international transfers, online banking and regular asset monitoring. An exclusive VISA Platinum debit card, discretionary loans, luxury car finance, and competitive rates for deposits, loans and foreign exchange. The exclusive Private Banking Visa Infinite Credit Card facilitates unlimited access to 1,000+ airport lounges globally and a 1% cashback on all purchases made through the card. Access to a collection of 900 luxury hotels worldwide, airport dining offers at more than 200 restaurants globally using the complimentary Dragon Pass and Meet and Greet service with 30% discount at over 450 destinations, a global concierge service and multi-trip travel insurance for the cardholder and direct family members are some of the other benefits available. Private Banking customers are automatically entered in all the prize draws of Al Mazyona, which has a total prize money of RO 11 million. 

Bank Muscat offers Private banking clients a complete suite of investment options in global asset classes through its wealth management platform and tie up with international counter parties. The range of solutions offered to clients includes stocks, bonds, ETFs and mutual funds; across global markets. Bank Muscat Private Banking also offer selective exposure to private equity funds, real estate funds and commodity ETFs; offshore banking and portfolio management through reputed global counterparties. Private Banking clients also receive regular research reports and briefings covering investment ideas, global macroeconomic outlook and updates on key economic and geographic events impacting performance of various asset classes.