Oman Arab Bank Educate Employees with Counterfeiting and Forgery Detection Training

Muscat, February 2016: As part of the growing cooperation between Oman Arab Bank (OAB) and the Royal Oman Police (ROP), represented by the Directorate General of Criminal Inquiries and Investigations (CID), Oman Arab Bank’s Training Department has recently organized a Counterfeiting and Forgery Detection workshop for branch employees at the South Batinah Region. Held at the Suwaiq Branch, the workshop is in direct response to the Central Bank’s recommendations aimed at upgrading the security culture and awareness and enhancing the efficiency of the personnel of the banking sector by developing their capabilities in detecting counterfeit and forgery activities of currencies and financial documents. Attended by 23 employees, the workshop educated staff with the latest visible and invisible means and technologies used to protect national and foreign currencies, as well as how to analyze handwritings and examine documents, signatures and electronic cards.

Ali Moussa, Head of Human Resources at Oman Arab Bank, said, “We strongly believe that our employees represent the heart and soul of the Bank and therefore ensuring they are equipped with the tools and skills is a top priority. This also includes training in Counterfeiting and Forgery to minimize and avoid security breaches or errors and safe guard our valued customers.”

Oman Arab Bank is a leading bank in the Sultanate of Oman, boasting a wide network of 65 branches and offices, as well as more than 120 ATMs and CDMs across the Sultanate. The Bank provides a comprehensive product and service portfolio including retail banking, corporate and project finance, investment banking, and trade finance.

About Oman Arab Bank:

Oman Arab Bank SAOC was established in 1984 following the acquisition of Arab Bank’s branches in the Sultanate. Over the past three decades, the Bank has consistently expanded its reach as well as its products and services offering to provide customers in the country with a comprehensive suite of innovative solutions in Retail banking, Corporate and Project finance, Investment banking, trade finance and most recently, Islamic Banking.

Today, Oman Arab Bank operates more than 65 branches and office, and more than 123 ATMS in high footfall locations across the Sultanate that are supported by Arab Bank’s 600 branches spanning five continents. The Bank’s principal shareholders are Oman International Development and Investment Company SAOG (51%) and Arab Bank PLC (49%) and As of December 31st 2015, the Bank’s total assets stood at RO 1.98 Billion (USD 5.15 Billion) and net worth of RO 226 Million (USD 587 Million).