On behalf of the Board of Directors, I am pleased to share the Bank’s annual financial results for 2015.
As per the 3 years business plan proposed by the Executive Management and approved by the Board, Oman Arab Bank has delivered a healthy increase in revenue and superior balance sheet growth while maintaining asset quality.
We progressed with positive momentum, while investing in human capital and infrastructure. We believe it is our employees who shaped the identity of the Bank and built a heritage of trust, over three decades. By recognizing and developing our talent, the Bank managed to sustain its market position and reach new heights.
Last year, the region saw new economic realities. However, Oman Arab Bank has stood firm by its partners in the private and public sectors by actively participating in key energy and infrastructure projects in the Sultanate, despite the challenging economic conditions.
On the SME front, we continue to outperform our peers in SME financing, an achievement we take pride in.
Technology is at the heart of our transformation as a Bank. We have endeavored to enhance customer experience across our digital and physical delivery channels, through new technologies. This journey will bring innovations designed to delight our customers through the evolution of our digital banking platforms.
The year 2015 also witnessed a stronger contribution by Oman Arab Bank in Corporate Social Responsibility activities through major participation in social events and support of non-profit organizations.
I would like to thank our partners for making 2015 a successful year for the Bank. We look forward to an exciting new year, filled with hope of achieving exceptional milestones in the future of Oman Arab Bank.
I also thank the management and all employees for their efforts and contributions in the year 2015.
We also wish to thank the Central Bank of Oman for their valuable guidance and continued support.
Finally, we would like to express our sincere gratitude and appreciation to His Majesty Sultan Qaboos bin Said for his wise leadership and vision, which has contributed to the prosperity of the nation.