BankDhofar Wins Best Trade Finance Bank 2025 at Global Awards

BankDhofar has been awarded the title of Best Trade Finance Bank 2025 at the Global Banking & Finance Awards, reinforcing its position in Oman’s financial sector amid expanding digital capabilities and trade finance services, according to a statement released on April 14, 2026.

The recognition, presented by Global Banking & Finance Review, places the bank among a select group of regional and international institutions acknowledged for performance, innovation, and sector impact.

Expansion of Trade Finance Capabilities

The award comes as BankDhofar continues to scale its trade finance operations, offering a broad range of services including letters of credit, bank guarantees, supply chain finance, and structured trade solutions. These offerings support corporates across sectors such as energy, manufacturing, logistics, and industrial goods.

The bank’s correspondent banking network enables Omani businesses to operate in international markets while maintaining compliance with global standards, including adherence to UCP 600 guidelines. The institution has also emphasized risk management practices to support cross-border transactions.

BankDhofar’s digital transformation strategy has played a central role in strengthening its corporate and trade banking services. The rollout of its Corporate Internet Banking platform, Neo CIB, has enhanced real-time access and operational efficiency for large corporate clients.

Additional platforms include EasyBiz, designed for mid-sized corporates and small and medium enterprises (SMEs), and EasyMandate, which digitizes corporate authorization processes. These tools aim to streamline payments, cash management, and governance processes while reducing administrative overhead.

The bank stated that these platforms are now core components of its corporate banking ecosystem, contributing to improved client experience and operational transparency.

Support for SMEs and National Development Goals

As part of its broader strategy, BankDhofar has expanded access to trade finance solutions for SMEs through a partnership with the Development Bank of Oman. The initiative enables smaller businesses to access financial instruments that were previously more accessible to large corporates.

This effort aligns with Oman Vision 2040, which focuses on economic diversification and strengthening the private sector. By extending trade finance capabilities to a wider business base, the bank aims to support growth in non-oil sectors and enhance participation in global trade.

According to Mallikarjuna Korisepati, Chief Wholesale Banking Officer at BankDhofar, the award reflects the institution’s focus on delivering advanced trade finance and digital banking solutions. He highlighted the role of digital platforms in improving efficiency, transparency, and control for corporate clients.

The recognition adds to the bank’s portfolio of international accolades across its corporate and trade finance divisions. It also underscores its positioning among digital banking leaders in the Gulf Cooperation Council (GCC) region.

With continued investment in technology, customer-focused services, and regional expansion, BankDhofar is strengthening its role in facilitating trade and supporting Oman’s integration into global financial markets.