Bank Muscat najahi Open Day for micro and small businesses evokes strong response

MUSCAT: Bank Muscat, the flagship financial services provider in the Sultanate, evoked strong response to an Open Day hosted for micro and small businesses. Organised by najahi Retail Enterprises department, the 5-day event held across the network of branches in the Sultanate came in line with the bank’s ‘Let’s Do More’ vision and commitment to partnership in strengthening the role of micro and small businesses in diversifying the Sultanate’s economy and creating job opportunities for Omani youth.

The Open Day turned the spotlight on innovative products and services available for micro and small businesses, reiterating the bank’s commitment to extending the helping hand to fulfil their financial and advisory needs. In step with responsible banking, the focus of Bank Muscat is clear — create a sustainable financial platform for the nation and people and thereby contribute to the country’s progress and development. Committed to supporting economic growth and sustainable development, the bank seizes every opportunity to reiterate partnership in building the nation by creating opportunities for individuals and businesses to grow and prosper.

Serving micro and small business customers, exclusive najahi centres are available across the Sultanate. Facilitating financial inclusion, Bank Muscat najahi products and services have created a benchmark, helping micro and small businesses to overcome hurdles and chart successful ventures with proper planning, financial discipline and prudent management.

Securing credit without collaterals and accessing innovative banking services have been hurdles faced by micro and small businesses. The specially designed najahi products mainly include credit facilities without collaterals to develop and grow micro and small businesses.

The najahi suite of products include the value added najahi Current Account, najahi Flexi Loan to support working capital, business expansion and other business needs; najahi Business Credit Card; najahi Contractors Loan to help complete contracted jobs; najahi Contractors Bill Discounting to get immediate funds after completing contracted jobs and Najahi PoS Receivables financing for customers who use PoS machines for their sales.