Ahli Bank-Oman, erstwhile Alliance Housing Bank, was born with its new identity in the year 2008, following its strategic partnership with Ahli United Bank (AUB), a leading regional commercial bank and International Finance Corporation (IFC), a member of the World Bank Group. Ahli Bank, Oman has since successfully embarked upon the route of establishing itself as a full-fledged Omani commercial bank.
As Alliance Housing Bank for the past 10 years in Oman, it was GCC’s first private sector housing bank with a wide-spread network across Oman. As specialists in mortgage loans and value-for money loans, Alliance Housing Bank witnessed tremendous growth and success in the past decade.
The change in the bank’s identity from Alliance Housing Bank followed its strategic tie up with AUB’s 35 per cent shareholding and IFC’s upto 9.9 percent stake in the bank. This transformation has translated into establishing a promising presence for the bank in Oman, and diversifying its business portfolio with varied activities including retail finance, corporate finance and trade finance.
Ahli Bank, today, maintains its leading position in providing the most convenient housing mortgage facilities to customers in Oman. Moreover, the bank has made significant progress in building its retail and corporate business, diversifying its portfolio through catering to the demands of the corporate businesses in Oman while carefully differentiating the needs of the premium and private banking segments as well as the SME segment. The Bank has successfully launched new deposit products and loan products which are competing with the best products in the market.
Al Hilal Bank (Arabic: مصرف الهلال) is a 100% government-owned Islamic bank in the United Arab Emirates (UAE) based in Abu Dhabi. It currently provides Islamic Personal, Corporate, Treasury, Investment, and Wholesale banking services to almost 47,000 customers (97% Retail, 3% Corporate). Al Hilal Bank operates 21 branches and over 100 ATMS across the UAE and 3 branches in Kazakhstan. It manages the Al Hilal GCC Equity Fund and owns the ‘Mall Branch,’ the UAE largest banking branch.