BankDhofar’s SME Customers Share Their Insights and Experiences

BankDhofar recently launched the SME Business Banking Account; a specialized bank account for small and medium enterprises that is easy and convenient, enabling the SME entrepreneurs with a rewarding experience.

The account provides solutions to meet the day-to-day needs of customers and offers a range of investment solutions, including time deposits and financial products, to help businesses grow and maximize their surplus funds.

Some of the key features of the SME Business Banking account are; simplified account opening, POS connection support, wage protection system, that simplifies managing employees’ salaries, remote cheque capture and deposit services, payment gateway and a customized credit and debit cards designed to meet the unique needs of SME’s.

Reasonable transfer rates

Jaifar Al Khabouri, owner of “Bindera” Village Foundation, confirmed that BankDhofar provided many facilities upon opening the “Bindera”. He commended the money transfer fees in comparision to other banks, as well as e-payment services such as SoftPOS and internet banking services.

Bindera Village is one of the successful Omani institutions in organizing and managing exhibitions.

Competitive advantages

Sarah Najeeb Al Balushi, owner of E.A.T. Co., highlighted the ease of procedures to open a SME account at BankDhofar, as it took onlyfew minutes. She also mentioned that the SoftPOS system is one of the great advantages for entrepreneurs who have a bank account for their company in BankDhofar, as it makes it easy to collect payments from customers via smart devices without the need for a specific device to do it.

E.A.T. Co. is one of the leading establishments in the Sultanate of Oman in organizing festivals and events, which started in 2017 and has dealt with more than 1,500 small and medium enterprises.

Loan with suitable interest rates

Mohammed Al Qasmi, owner of Araa Services and Trade, hopes to see his establishment grow in the coming years with the facilities and support provided by BankDhofar to SMEs and various government and private entities. Al Qasmi has a bank account for his company at BankDhofar.

Speaking about the nature of his business, Al Qasmi noted; “I provide maintenance services to government institutions and establishments in particular, and I did not use the media or various advertising means to promote, but social relations were my only way to introduce my establishment.”

Various Facilities

One of the entrepreneurs who owns a carpentry shop is very glad that he chose BankDhofar. He currently pays the salaries of his fifteen staff who work in his company through the bank and is pleased to find the Bank closer to the work place as well as close to his home. The facilities the Bank offered were unmatched in comparison to other banks.

Sharing his experience and the learning of being an SME entrepreneur in the local market, he says; “I opened the carpentry shop to make home furniture in the seventies, and it is still standing strong today. He explained that he promoted his establishment’s work in a very traditional way, i.e. through friends and relatives, and did not resort to modern advertising methods to introduce the establishment’s activity. His work is always recommended from his happy customers.

To learn more about the SME banking account at BankDhofar, please visit any of our 118 branches spread throughout the Sultanate of Oman or call the dedicated call center on 2477 5773.