MUSCAT — BankDhofar is participating in the SME Exhibition and Conference, which highlights the important role played by the small and medium enterprise (SME) sector in the economic development of Oman. BankDhofar showcases its suite of finance solutions for SMEs which complements the government efforts aimed at strengthening the SME sector.
BankDhofar has recognised the dynamics of the SME sector and is focusing on offering support to the needs of the sector in the country, complementing the initiative undertaken by the Director-General -SME, Ministry of Commerce and Industry.
BankDhofar’s SME banking services provides fast interaction with its SME customers by offering customised solutions and allowing the SME’s to be serviced through its branch network faster and more efficiently.
Relationship managers offer guidance and assistance to clients in planning and completing the necessary requirements to grow their businesses. The department grants fund based and non fund based facilities to commercial establishments subject to criteria stipulated by the bank. These facilities include: Working Capital Loans, Contract Financing, Construction Financing, Bank Guarantees and Trade Finance.
Participants attending the event, include representatives from business communities, policy makers and entrepreneurs BankDhofar encourages attendees to find out about the Bank’s initiatives for SME’s.
Kris Babicci, CEO BankDhofar, said on the occasion: “The sustainability of SME business in the new and competitive global era is a major focus area for all. The SME exhibition is a great opportunity for us to showcase our products and services specially customised for the needs of the sector as it is visited by many existing and prospective SMEs. The business environment in Oman offers tremendous opportunities and challenges for the SME sector.
The SME conference will provide an insight of the global market to the SME’s during these challenging times when innovative business practices can contribute to tackling the financial crisis faced by countries around the world.”