The annual Gulf Business Survey is a respected analysis and overview of the financial industry in the Gulf region. The survey this year points to a general trend towards moderate economic recovery throughout the GCC as well as showing Gulf banks in an excellent position, in many cases better than their international counterparts in the aftermath of the global financial crisis.
In particular, BankDhofar was shown to be one of the two best performing banks in the region. CEO of BankDhofar Tony Mahoney spoke about his bank’s ranking,
"We are currently implementing our strategic plan for 2012 to 2016 and we are extremely optimistic that it will bring us to where we want to be. Being rated amongst the top ten performing banks in the region by the Gulf Business survey is a solid step in the right direction to us achieving our vision to the best bank in the Gulf. The results of this survey reflect our ability to generate sound revenue growth and an increase in our profits to enable us to grow our business."