Bank of Beirut - Oman

What Bank of Beirut - Oman does

Bank of Beirut - Oman is a private commercial banking subsidiary of Lebanese parent Bank of Beirut s.a.l., established in Oman in 2006 and headquartered in Muscat. The bank operates approximately 32 employees in Oman across at least 7 branches spanning Muscat (Al Qurm, Ghubrah, Al Mouj Muscat, The Wave Mall), Barka, and Falaj Al Qabail-Soohar, with a dedicated corporate branch at The Wave Mall serving business clients. Its product portfolio spans personal banking (personal loans up to 26x salary at 6% interest, car loans, savings at 1.25–3%, fixed deposits, salary accounts), card products across Visa and MasterCard tiers (Titanium, Platinum, Infinite), and business banking (SME loans up to OMR 200,000, trade finance, project financing, cash management).

The technology stack is conventional retail banking: web and mobile banking applications for iOS and Android, business online banking with WPS salary processing, 128-bit encryption and RSA token authentication for security, Chip & PIN and contactless PayWave card technology, IBAN-enabled accounts, and a 24/7 human-staffed contact center (BoBDIRECT). No AI/ML capabilities, public APIs, or proprietary technology beyond standard banking security architecture are referenced. Partnerships with Visa, MasterCard, IFC, European Investment Bank, and Arab Trade Finance Program support card issuance and trade finance capabilities.

The bank's revenue model relies on traditional commercial banking mechanics: net interest spread between deposit rates (1.25–3%) and lending rates (6% on personal loans, 1.5% on card POS), transaction and service fees (wire transfers, demand drafts, WPS payroll processing, card commissions), and trade finance fees (letters of credit, guarantees). The bank targets retail customers (particularly government and semi-government Omani employees via salary-assigned products), SMEs in light industry, agriculture, IT and tourism, and corporate clients via its dedicated Wave Mall branch. Customer concentration is diversified across segments but the per-borrower exposure is capped, suggesting a broad-based but small-ticket lending book.

Name

Bank of Beirut - Oman

Legal name

Bank of Beirut s.a.l.

Website

https://bankofbeirut.com.om

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Bank of Beirut - Oman is a private commercial bank in Muscat operating as a subsidiary of Lebanese parent Bank of Beirut s.a.l. It provides retail banking (personal/car loans, credit cards, savings), SME financing, trade finance, and corporate banking across ~7 Oman branches, targeting individuals, government employees, SMEs, and corporate clients.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

Keywords

• Retail banking services
• Corporate banking services
• SME financing
• Trade finance solutions
• Digital banking platform

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: The bank generates revenue primarily through interest income from personal loans, car loans, business loans, and SME financing. Interest rates include 6% for personal loans, 1.5-1.75% for credit card POS transactions, and 2-2.5% for cash advances on cards
2. Transaction and Service Fees: Fees from various banking services including account management, wire transfers, demand draft issuance, and salary processing through WPS system. Commissions on card transactions and cash withdrawals
3. Deposit Interest Spreads: Revenue from the spread between interest paid on deposits (such as savings accounts earning 1.25-3% interest) and interest earned on loans
4. Trade Finance Services: Revenue from trade finance operations including letters of credit, letters of guarantee, and documentary credits for corporate clients

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Bank of Beirut Oman is a commercial bank that delivers retail and corporate banking products and services through a branch network, digital channels, and a 24/7 contact center. Its retail offering includes personal loans (6% interest, up to 26x salary), car loans, savings and fixed-deposit accounts, salary accounts, and Visa/MasterCard credit and debit cards. Its corporate offering includes SME loans (up to OMR 200,000), project and trade finance, and cash management solutions including corporate online banking and electronic payroll.

Product overview

Bank of Beirut Oman operates as a commercial bank offering a comprehensive suite of personal and business banking products. The personal banking portfolio centers on the MasterCard Platinum, Visa Infinite, and Oman Visa Platinum Debit cards, complemented by personal loans (up to 26x salary), car loans, and deposit accounts including Salary, Cedars (up to 3% interest), Savings (1.25%), and Interest in Advance fixed deposits. The business banking suite encompasses SME loans (up to OMR 200,000), project financing, trade finance, and cash management services including Business Online Banking, electronic payroll processing, and demand draft issuance. Digital channels include Mobile Banking (iOS/Android) and Business Online Banking platforms. The bank operates BoBDIRECT, a 24/7 contact center, and maintains a dedicated corporate branch at Wave Mall. The product architecture follows a traditional banking model with core deposit, lending, and transaction services supported by digital delivery channels.

Differentiator

Problem solved

Functional benefit

Brands

• BoBDIRECT: Bank of Beirut's state-of-the-art Contact Center providing 24/7 customer service with professionally trained consultants
• BOB

Products and services

• Personal Online Banking Web-based digital banking platform enabling individual customers to manage accounts, conduct transactions, and access banking services online.
• Business Online Banking Corporate digital banking platform for account management, wire transfers, salary processing through WPS, and demand draft issuance for business customers.
• Mobile Banking App Mobile application for iOS and Android enabling local and international money transfers, checkbook requests, and real-time balance tracking for retail customers.
• MasterCard Platinum Credit Card Credit card with up to OMR 20,000 limit, 1.5% interest at POS and on cash withdrawals, no commission on purchases in same currency, and 2% commission on cash withdrawals.
• Visa Infinite Credit Card Premium credit card with 1.75% monthly interest at POS, 2.5% on cash transactions, complimentary international medical assistance, airport lounge access via LoungeKey, and 3D Secure protection.
• Oman Visa Platinum Debit Card Debit card with no purchase commissions, no cash withdrawal fees at BoB ATMs, OMR 2,000 daily POS limit, OMR 500 daily cash limit, and PayWave contactless technology.
• Personal Loan Cash loan up to 26 times salary (max OMR 20,000), 6% interest rate, up to 8 years term, available to Omani nationals and employees with minimum OMR 700 income.
• Car Loan Vehicle financing with competitive rates, up to 5-year term for Oman residents, available for new and used cars, targeting government and semi-government Omani employees.
• Salary Account Banking account with no minimum balance fee and free ATM withdrawals from any bank, requiring salary assignment to Bank of Beirut.
• Cedars Account (Premium Savings) Savings account with credit interest rate up to 3% when balance exceeds OMR 10,000, interest applied semi-annually, with free ATM withdrawals from other banks.
• Savings Account Savings account earning 1.25% interest applied semi-annually, with no ATM withdrawal fees at any bank.
• Interest in Advance Fixed Deposit Fixed deposit with interest paid upfront at opening, available for 180 or 365 days, 3.5% annual rate or 3% for 6 months, minimum OMR 3,000, maximum OMR 100,000.
• SME Loans Business financing for SMEs in light industry, agriculture, computer technology, and tourism sectors, with maximum loan of OMR 200,000 and up to 3-year term including 1-year grace period.
• Trade Finance Commercial financing including credit lines, pre-export facilities, direct loans to industrial sector, Letters of Credit, and bank guarantees supporting import/export operations.
• Project Financing Project funding through partnerships with international institutions including Arab Trade Finance Program, European Investment Bank, and International Finance Corporation.
• Cash Management Services Corporate cash management including Business Online Banking, electronic payroll processing, demand draft issuance, and security measures with 128-bit encryption.
• Demand Draft Issuance Online banker cheque issuance through Business Online Banking, supporting local and foreign currencies with real-time delivery.
• BoBDIRECT Contact Center 24/7 customer service center with trained consultants providing account services, product information, complaints handling, and card activation.

Quantifiable outcome

• Personal loan up to 26 times salary with maximum OMR 20,000
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• VisacoreTechnology or IntegrationBank of Beirut Oman offers Visa-branded cards including Visa Infinite, Visa Platinum Debit, with access to Visa promotional offers during holiday seasons and exclusive cardholder benefits through the Visa network
• MasterCardcoreTechnology or IntegrationPartnership for MasterCard Titanium, Platinum credit cards with reduced interest rates and high credit limits, available in OMR and USD currencies with exclusive cardholder offers and benefits
• Arab Trade Finance ProgramcoreStrategic or Co-development PartnerInternational financing institution partnership for trade finance initiatives, supporting the bank's expansion of commercial banking activities and trade financing capabilities
• European Investment BankcoreStrategic or Co-development PartnerPartnership for project financing initiatives, providing financial support for customer projects and business development in the region
• International Finance Corporation (IFC)coreStrategic or Co-development PartnerPartnership through the Global Trade Finance Program launched in 2006, helping companies conduct international business. The IFC awarded the bank 'Best Bank for Documentary Credits for Regional Trade in MENA' in 2012
• LoungeKeyminorGTM or Marketing PartnerPartnership providing airport lounge access for Visa Infinite cardholders through LoungeKey program, offering unlimited free visits plus one guest
• International SOSminorGTM or Marketing PartnerInternational medical and travel assistance services for cardholders, available 24/7 in Arabic, French, and English for medical assistance during travel abroad

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Alizz Islamic Bank: Omani Islamic bank competing for retail, SME, and corporate banking customers in Oman, relevant as a domestic competitor for the same customer segments despite the conventional (non-Islamic) structure of Bank of Beirut Oman.

Broad incumbents

• Bank of Beirut s.a.l. Parent company of Bank of Beirut Oman and a Lebanese commercial bank offering retail, corporate, and trade finance across Lebanon, UK, Australia, and Oman. Comparable as the controlling entity and platform for the Omani operations.
• HSBC Oman: Multinational bank operating in Oman providing retail, commercial, and trade finance services — comparable for corporate and trade finance customers and for cross-border banking capabilities.
• Bank Muscat: Largest commercial bank in Oman by assets and branch network, offering full retail, corporate, Islamic, and investment banking services. Directly comparable as a domestic Omani commercial bank competing for the same retail, SME, and corporate customer base.
• Standard Chartered Oman: Multinational bank offering corporate, institutional, and affluent retail banking in Oman with strong trade finance and FX capabilities — directly comparable for trade finance and corporate customers.

Direct peers

• Oman Arab Bank: Omani commercial bank offering retail, SME, and corporate banking products including personal loans, cards, trade finance, and treasury services — directly comparable in target segments and product architecture.
• National Bank of Oman: One of the leading Omani commercial banks serving retail, corporate, and government payroll clients with comparable product suites including personal loans, credit cards, SME financing, and trade finance.
• Bank Dhofar: Omani commercial bank with nationwide branch network serving retail, corporate, and SME customers with personal loans, cards, trade finance, and digital banking — a direct competitor in the domestic commercial banking market.
• Ahli Bank Oman: Omani commercial bank offering retail, corporate, and treasury services with comparable product lines including personal loans, credit cards, and trade finance for SME and corporate clients.
• Sohar International Bank: Omani commercial bank offering retail, corporate, Islamic, and investment banking, directly competing for SME, retail, and corporate banking relationships in the same geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/BankofBeirut
• Instagraminstagram.com/bankofbeirut
• Xtwitter.com/BankofBeirut
• LinkedInlinkedin.com/company/bank-of-beirut-oman

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank of Beirut - Oman