Oman’s best FX bank 2026: Bank Muscat

Bank Muscat stood out from the competition in Oman for its combination of substantial domestic scale, continued growth and improvements to its digital FX infrastructure.

In 2025, FX volumes increased 16% year-on-year and revenues rose 12%, while the bank estimated its share of Oman’s FX market at between 50% and 52%. Its total FX client base also grew 5%, alongside 100% net client retention.

Bank Muscat provides spot, forwards, swaps, options and NDFs alongside interest-rate, cross-currency and commodity hedging.

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