NBAD opens ninth branch in Oman

Dubai: The National Bank of Abu Dhabi (NBAD) has opened its ninth Oman branch in Al Buraimi as part of its goal to double its presence in Oman to 18 branches by 2015.

"This step comes in line with the bank's strategy to expand in regions that offer attractive opportunities for the banking industry," said Qamber Ali Al Mulla, senior general manager of NBAD's International Banking Division. The bank also plans to expand further in Asia, with branches in Malaysia and Shanghai due to open in 2012, Al Mulla said.

Saeed Al Mubarak, NBAD's Regional Manager in Oman, said: "NBAD enjoys a good reputation and prestige in this market; with a growing economy, we foresee great opportunities in Oman."