NBO to provide digital banking services for Ministry of Defense Pension Fund

By Leandra Monteiro

National Bank of Oman (NBO) signed a Memorandum of Understanding with the Ministry of Defense Pension Fund for the provision of digital banking services, including its Corporate Online Banking (CIB) and B2B Banking Portal.

Signed by Ahmed bin Salem Al Busaidi, Director General of the Ministry of Defense Pension Fund, and Hassan Abdul Amir Shaban, General Manager – Chief Government Banking Officer at NBO, the agreement is the latest in several long-term strategic partnerships the bank has formed as it seeks to build bridges between the private and public sectors.

Hassan Abdul Amir Shaban said, “We are pleased to sign this strategic agreement with the Ministry of Defense Pension Fund. As the first local bank to conclude such fruitful cooperation with the Ministry, it is a welcome confirmation of our leadership in digital and electronic banking services in the Sultanate. We will work hard to ensure that the Ministry is provided with the latest services and solutions, while meeting its banking requirements in an easy and convenient manner, now and into the future.”

NBO has been providing full digital financial  services to the Ministry of Defense since 2019. Using its technology and security features, its online banking services empower companies and government entities to make instant transactions, payments and transfers, access account balances, make on-the-spot enquiries, access non-financial services and complete transaction histories on all of the their accounts. Available free and accessible 24/7, the frequently-updated digital service is enhanced by the bank’s expertise and customer experience.

NBO, the first local commercial bank in the Sultanate of Oman, was founded in 1973 and is today one of the top banks in Oman. The Bank serves its customers in Oman through 60 Branches, more than 180 ATM/FFM/CCDMs as well as two Branches in U.A.E.