BankDhofar expands corporate banking in Oman’s industrial hubs

By Vriti Gothi

BankDhofar has expanded its corporate banking footprint with the launch of specialized corporate centers in five of Oman’s key industrial cities Rusayl, Sohar, Duqm, Barka, and Samayil marking a strategic push to deepen engagement with the country’s industrial and business sectors.

The move reflects a broader shift among regional banks toward proximity-led corporate banking, as financial institutions seek closer alignment with clients operating in manufacturing, logistics, energy, and trade-driven clusters. By embedding dedicated centers within industrial zones, BankDhofar aims to strengthen relationship management, accelerate service delivery, and better support businesses navigating expansion and capital requirements.

According to the bank, the new centers are designed to provide direct access to senior management and specialized corporate banking teams, enabling faster decision-making and more tailored financial solutions. Each location is staffed by professionals with sector-specific expertise, allowing for a clearer understanding of corporate clients’ operational and strategic needs.

The expansion also aligns with Oman Vision 2040, which prioritizes economic diversification and the growth of non-oil sectors. Industrial cities such as Duqm and Sohar are central to this agenda, and enhanced access to corporate banking services is seen as a critical enabler for investment and industrial scale-up.

Alongside its physical expansion, BankDhofar continues to invest in digital capabilities for business clients. Its Digital Banking Platform for Businesses offers consolidated account management, payroll and bulk transfers, bill payments, and administrative tools designed to streamline corporate financial operations. The hybrid approach combining on-the-ground presence with digital infrastructure signals the bank’s intent to serve corporates through both relationship-led and technology-enabled models.

BankDhofar currently operates more than 140 branches across Oman, making it the country’s second-largest bank by branch network. Beyond corporate banking, the institution provides services across retail, SME, and wealth management segments, as competition among Omani banks increasingly centers on sector specialization and service depth rather than branch expansion alone.

The launch of these corporate centers positions BankDhofar to play a more active role in supporting industrial growth, at a time when Oman’s financial sector is recalibrating to meet the needs of a diversifying economy.