{"id":16746,"date":"2024-03-04T06:19:26","date_gmt":"2024-03-04T06:19:26","guid":{"rendered":"https:\/\/ahlibank.om\/?p=16746"},"modified":"2024-03-04T06:19:26","modified_gmt":"2024-03-04T06:19:26","slug":"ahlibank-closes-2023-with-noteworthy-achievements","status":"publish","type":"post","link":"https:\/\/ahlibank.om\/ahlibank\/2024\/03\/04\/ahlibank-closes-2023-with-noteworthy-achievements\/","title":{"rendered":"ahlibank closes 2023 with noteworthy achievements"},"content":{"rendered":"

ahlibank, a leading bank in the Sultanate of Oman, has announced its unaudited financial results for the year ended December 31, 2023, concluding another year of  <\/span>success and innovative achievements, and commencing another with immense potential. Maintaining its upward growth, the Bank continues to offer exceptional products and services to a wide range of clients, further affirming its dedication to being a “Partner in Excellence.”<\/span><\/p>\n

ahlibank reported significant growth in key financial areas with a 7.8% increase in Net Loans, Advances & Financing reaching to RO 2,694.2 million at end of 31st<\/sup> December 2023, over the corresponding period in 2022. Customers’ deposits also increased by 7.8% to reach RO 2,475.7 million, compared to the corresponding period of last year. Total Assets increased by 7.9%, reaching to RO 3,318.3 million. Operating Income increased by 7.5% to reach RO 98.54 million. Profit for the period grew by 10.2% to reach RO 36.45 million, demonstrating the Bank’s sustained growth strategy.<\/span><\/p>\n

Said Abdullah Al Hatmi, CEO of ahlibank, commented on the results stating,<\/span><\/strong> “The year 2023 marked a milestone in ahlibank’s journey, reflecting our strategic foresight and commitment to innovation. We have transcended traditional banking boundaries by integrating cutting-edge digital solutions and pioneering financial products. Our focus on digitalization and customer-centric services not only aligns with global trends but also sets new benchmarks in the banking sector. As we move forward, our goal remains to redefine the banking experience, ensuring that we remain at the forefront of financial excellence and innovation in Oman.”<\/span><\/p>\n

A noteworthy milestone during 2023 is ahlibank successfully raising CET-1 Capital through a rights issue of RO 50 million, which was oversubscribed by 1.44 times, showcasing the trust placed by shareholders in the Bank’s potential for further growth. <\/span>The Bank also raised AT1 capital of RO 54 million on 25 December 2023 after exercising the first call option on AT1 Capital of RO 54 million, issued in December 2018.<\/span> The Bank also handled landmark Initial Public Offerings (IPOs) and Bonds issuance, in addition to its innovative Digital 1:1 financing option, which revolutionized accessibility to financial services for individuals. <\/span><\/p>\n

ahlibank prioritized contributing to Oman’s economic vitality by financing strategic national projects in key growth sectors. The bank’s commitment to infrastructural development, energy, and other critical areas reflects its dedication to Oman’s progress. ahlibank takes pride in delivering innovative funding structures to meet the needs of clients, investors, and issuers. The bank’s experienced investment banking team supported state entities and corporates seeking to access capital markets, reinforcing its role in driving economic growth.<\/span><\/p>\n

In support of its wealth management customers looking to grow their wealth through tactful investments, ahlibank offered its esteemed customers the Systematic Investment Plan (SIP). The SIP motivates investors to make periodic investments in funds demonstrating market potential, which therefore supports clients in achieving their long-term financial goals. The Bank <\/span>also introduced the Digital Wealth Management system which allows clients to digitally access and manage their investment profiles, trade mutual funds, and various other services.<\/span><\/p>\n

Moreover, in line with the current trends amongst customers who prefer digital transactions, ahlibank has implemented its ahliExpress Multi-Functional Kiosk (MFK), a state-of-the-art machine that streamlines digital banking services. Furthermore, ahlibank introduced the new children’s account that can be opened hassle-free through the ahlibank and ahli islamic mobile banking app, a first of its kind in the Sultanate of Oman. <\/span><\/p>\n

ahlibank celebrated a successful year, securing number of  <\/span>awards that highlight its commitment to excellence. The bank’s notable achievements include winning Euromoney Award for Excellence in the SMEs category emphasizing the bank’s pivotal role in empowering Small and Medium Enterprises, contributing significantly to Oman’s economic strength. Additionally, ahlibank was honored as the Best Private Bank in Oman at the MENA Banking Excellence Awards 2023, reaffirming its dedication to innovation and outstanding performance in the financial sector, while ahli islamic received Best Islamic Bank Award by Euromoney. <\/span><\/p>\n

“As we reflect on a year of robust growth and innovation, ahlibank is poised to embark on a path of transformative development in the years ahead. Our vision for the future is not only to maintain our status as a leading financial institution in Oman but also to elevate our services and offerings to new heights. We are committed to leveraging the latest in financial technology, deepening our investment in sustainable practices, and expanding our reach to new markets and customer segments. Our steadfast dedication to excellence and customer satisfaction will guide us as we forge new partnerships, embrace emerging opportunities, and continue to set the standard for banking excellence in the region,” Al Hatmi added.<\/span><\/p>\n

In line with its expansion strategy, and concurrent with its 15th<\/sup> anniversary in early 2023, ahlibank celebrated the opening of its new building in Wattayah. The state-of-the-art building was built in accordance to the highest and most innovative standards of architecture in the modern world to enrich the customer experience, add tangible value to all partners, and enhance its position as a vibrant and innovative center for banking excellence in the Sultanate.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

ahlibank, a leading bank in the Sultanate of Oman, has announced its unaudited financial results for the year ended December 31, 2023, concluding another year of success and innovative achievements, and commencing another with immense potential. Maintaining its upward growth, the Bank continues to offer exceptional products and services to a wide range of clients, further affirming its dedication to being a \u201cPartner in Excellence.\u201d<\/p>\n","protected":false},"author":1,"featured_media":16747,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-16746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\r\nahlibank closes 2023 with noteworthy achievements - Ahlibank<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/ahlibank.om\/ahlibank\/2024\/03\/04\/ahlibank-closes-2023-with-noteworthy-achievements\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"ahlibank closes 2023 with noteworthy achievements - Ahlibank\" \/>\r\n<meta property=\"og:description\" content=\"ahlibank, a leading bank in the Sultanate of Oman, has announced its unaudited financial results for the year ended December 31, 2023, concluding another year of success and innovative achievements, and commencing another with immense potential. 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