BankDhofar placed among top 10 GCC performing banks

BankDhofar has been named one of the top ten performing banks in the Gulf Cooperation Council (GCC) by the Gulf Business publication. The survey compared first half yearly 2011 and first half yearly 2012 profits and ranked the banks with the highest percentage of growth. BankDhofar proved itself to be one of the top two banks in the survey due to its extensive business achievements and its vision to be the best bank in the Gulf. The Gulf Business survey is eagerly anticipated each year as it gives an excellent overview of the financial industry in the region. This year's results reflect a general trend of modest recovery across the GCC and indications are strong that Gulf banks are in a better position than many of their international counterparts following the global financial crisis. Speaking about BankDhofar's ranking in the survey, Tony Mahoney, chief executive of BankDhofar said "We are currently implementing our strategic plan for 2012 to 2016 and are optimistic that it will bring us to where we want to be. Being rated amongst the top ten performing banks in the region by the Gulf Business survey is a solid step in the right direction to us achieving our vision to the best bank in the Gulf. The results of this survey reflect our ability to generate sound revenue growth and an increase in our profits to enable us to grow our business.- investing in people BankDhofar is investing hugely in its people, products and technology to ensure that it continues to excel. In addition to facilitating the career development of its employees through the newly established BankDhofar Academy, it is also currently in the process of refreshing the visual identity of its branch network. It continues to improve its customer service standards through the introduction of a number of new services to make its customers banking experience even more convenient. BankDhofar has also established a network of business and corporate centres which further boosts its support of Small and Medium Enterprises (SME) as well as its commercial and corporate customers. It is through initiatives such as these and the careful implementation of its strategic plan that enabled BankDhofar to meet with the recognition of the survey. The bank is consistently achieving its financial targets as well as improving its competitive position and increasing the satisfaction of its customers.