Trade Finance
The driving force behind the Bank of Beirut’s venture in the Sultanate is the positive prospects for Oman’s economy, rising from the ongoing privatization program and the presence of a growing expatriate workforce in Oman. Since its entry into Oman – a country with tremendous potential where new business opportunities and commercial prospects are continuously emerging – its goal has been to create a strong and sustainable financial institution that builds better lives and more vibrant communities.
The bank’s expansion plan in Oman involves providing the market with the latest banking products and services, enhancing its experience on the existing client relationships in the Sultanate, primarily in trade finance and project finance. The bank provides trade financing for Omani firms through lines of credit and pre-export facilities and by providing direct loans to the industrial sector, participating thus to the Sultanate’s growth.
