Oman International Bank was founded by 
H. E. Dr. Omar Bin Abdul Muniem Zawawi in 1984. In the second half of 1984, H. E. Dr. Omar Zawawi, with the approval of the Central Bank of Oman negotiated an agreement with the British Bank of the Middle East to acquire 14 of their branches effective from the 13th of December, 1984. Today the Bank has a large branch network of 83 branches in Sultanate of Oman and 5 Overseas Branches 2 in India and 3 in Pakistan.

Balance Sheet as at 31 December 2008
2007 US$'000	2008 US$'000		2008 RO'000	2007 RO'000
		Assets
128,392	340,577	Cash and balances with central banks	131,122	49,431
675,325	415,584	Treasury bills and certificates of deposit	160,000	260,000
308,340	66,784	Due from other banks	25,712	118,711
1,454,374	1,628,021	Loans and advances	626,788	559,934
102,468	87,901	Investments	33,842	39,450
80,135	77,979	Property and equipment	30,022	30,852
60,799	27,818	Other assets	10,710	23,408
2,809,833	2,644,664	Total Assets	1,018,196	1,081,786
		Liabilities
216,282	267,901	Due to banks	103,142	83,269
2,108,322	1,894,325	Deposits from customers	729,315	811,704
64,063	34,151	Other liabilities	13,148	24,664
2,388,667	2,196,377	Total Liabilities	845,605	919,637
		Equity
215,644	237,208	Share Capital	91,325	83,023
138,665	142,896	Non-distributable reserves	55,015	53,386
66,857	68,183	Retained profits	26,251	25,740
421,166	448,287	Total equity	172,591	162,149
2,809,833	2,644,664	Total Liabilities and equity	1,018,196	1,081,786
US$ 0.46	US$ 0.49	Net asset per share	RO 0.189	RO 0.177
550,992	603,304	Letters of credit and guarantees	232,272	212,105

A GLANCE AT SOME OF OUR PRODUCTS & SERVICES

CORPORATE SERVICES

HOTLINE

Hotline is OIB's electronic banking system which enables corporations to monitor their accounts via computers in their premises.

PORTFOLIO MANAGEMENT

A service to help people and companies with their investments in shares and securities in the Muscat Securities Market.

INVESTMENT BANKING

Corporate investors can avail of several facilities at OIB. These facilities range from capital advisory services, merchant banking, project finance, underwriting and custodial services.

MANDOOS

The Mandoos Savings Account is the most famous of all savings prize schemes in Oman. Savings may be withdrawn at any time, either using a withdrawal slip at any OIB branch or using an ABC Plan Card at any OIB ATM. Deposits do not only attract interest from the bank, but also make you eligible to win prizes.

RETAIL SERVICES / PRODUCTS

MASROOR

Masroor Savings Account is a savings scheme for children upto 18 years of age. Children who are less than 12 years of age need their parents / guardians authorisation to withdraw money. Those who are above 12 years can operate their accounts independently and are also eligible for a free ABC Plus Card. Masroor account holders can also participate in the Mandoos prize draw scheme with a minimum deposit of RO 50/-.

PHONE BANK

Phone Bank is OIB's telephone banking system that allows the customer to pay utility bills, transfer funds, check balance, order a new cheque book, pay credit card outstandings and other facilities by using a phone. The facility, available in English and Arabic, is provided FREE to all OIB account holders.

ABC PLUS VISA ELECTRON

A free card which allows customers access to funds anywhere in the world through VISA's 'Point of Sale' network of over 8 million retail outlets and Visa's global network of 600,000 ATMs Worldwide.

CASH BACK

The Cash Back facility is another innovative service that OIB offers. The facility allows you to withdraw cash through the ABC Plus Visa Electron Card in participating shops.

CREDIT CARDS

Buy now pay later! The OIB Visa / Mastercard Credit Cards are your passport to a world of convenience from shopping to cash withdrawals anywhere in the world. OIB credit cards can be used at 17 million retail outlets and 500,000 ATMs all over the world. As a value added service OIB offers 'Purchase Protection' and 'Global Calling Card' FREE to its Credit Card holders.

Various Credit card products offered are: 'Visa Platinum' 'Visa Gold' 'Visa Classic' 'Mastercard Gold' 'Mastercard Standard'.

BASMA

Basma is an easy, flexible and practical loan scheme for purchase of cars, furnishing, household goods, marriage or a well deserved holiday. And for a nominal premium you will be insured for the loan period. Basma really gives you something to smile about.

AL MUBDE

Do you have a business idea that requires financial assistance? Then Al Mubde is your answer. Specially created for financing small entrepreneurs who have special needs, Al Mubde is another unique scheme from OIB.

AL MOSTANEER

Al Mostaneer is OIB's education loan for young Omanis. It is an easy to get and easy to re-pay loan for undergraduate studies.

MULTI CURRENCY DEPOSITS

With OIB's Multi Currency deposits you can operate your Call, Current, High Yield Multi Currency or Fixed deposit accounts with OIB in any international currency including US or Australian Dollars, British Pounds, Euro or any of the currencies from GCC nations.

You get the best returns on your deposits and the flexibility that international currencies give.

WESTERN UNION

Western Union can facilitate sending payments with speed, reliability and convenience you can always depend on.

The transfer of money is 100% guaranteed and lets you send single or multiple money transfers worldwide.

NON-RESIDENT SERVICES

OIB has a dedicated Non-Resident Centre providing innovative services and catering to the diverse banking needs of Non-Resident Indians, Pakistanis and Filipinos.

NRI services include-

• Opening of FCNR/ NRE/ NRNR deposit accounts
• Offer of special exchange rates
• Free telex transfers
• Templeton funds
• DSP Merill Lynch Mutual funds
• Taj Premium Rupee Card
• NRI Phone Bank

NRP services include:

• National Debt Retirement Programme
• Citadel 30 days profit accounts
• Sovereign Daily Profit account