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Bank
FINANCIAL | Retail Banking
bankmuscat.com

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Founded Year

1982

Stage

Corporate Majority | Acquired

Total Raised

$650M

About Bank Muscat

Bank Muscat is a financial services provider in the Sultanate of Oman providing corporate banking, retail banking, investment banking, treasury, private banking and asset management.

Bank Muscat Headquarter Location

Building No. 120/4. Block No. 311, Street No. 62., Airport Heights - Seeb P.O. Box No.134, Postal Code 112, Seeb

Muscat, 112,

Oman

Latest Bank Muscat News

Dhaka Bank inks $25M syndicated loan...

Nov 23, 2021

Logo of Dhaka Bank Collected Dhaka Bank has witnessed an impressive growth of around 58% in its foreign trade business in the first nine months of 2021 compared to that of 2020 Dhaka Bank Limited has signed a $25 million syndicated loan facility arranged by Bank Muscat, the leading financial services provider in Oman. Bank Muscat is the mandated lead arranger and book runner (MLAB) and arranged the participation of renowned international financial institutions in this facility, according to a press release. This milestone agreement has been recently signed by Emranul Huq, managing director and CEO of Dhaka Bank Limited on behalf of the bank. The facility reflects Dhaka Bank’s great international reputation and the trust that foreign institutions have placed in it as a result of its strong financial strength, performance, and commitment. Dhaka Bank has witnessed an impressive growth of around 58% in its foreign trade business in the first nine months of 2021 compared to that of 2020. This growth is in line with Bangladesh’s economic growth and is expected to continue in the coming days. Subsequently, the need for foreign funds has climbed manifold with the excellent business growth. The proceeds from this syndicated loan will support the bank in meeting its ongoing liquidity needs. “This syndicated loan is yet another accomplishment that Dhaka Bank has garnered in its attempt to expedite the foreign trade business of the Bank,” said Emranul Huq. “The successful execution of the loan with participation from prominent foreign banks demonstrates the strong holding Dhaka Bank has in the global market.”  “We want to use this opportunity to have a greater impact on the economic growth of Bangladesh,” he added. Since 2008, Dhaka Bank has been maintaining a rewarding mutual business relationship with Bank Muscat, which has the largest banking network in Oman. Bank Muscat has provided great support in the growth of the trade business of Dhaka Bank by extending various trade facilities previously. Dhaka Bank has also been maintaining strong relationships with renowned Development Finance Institutions (DFI) such as Asian Development Bank (ADB), the International Finance Corporation (IFC), United States Department of Agriculture (USDA), as well as leading foreign banks around the world. Leave a Comment

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