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16/10/2025 02:03 AST
Bank Muscat, the Sultanate's flagship financial institution, posted a net profit of RO191.57mn for the nine months ended September 30, up 12.2% from RO170.79mn in the same period last year, the bank announced on Wednesday.
Net interest income from conventional banking and net income from Islamic financing rose 5.8% to RO310.9mn, compared with RO293.91mn a year earlier. Non-interest income grew 12% to RO123.57mn, driven by higher business volumes and increased investment returns.
Operating expenses for the period stood at RO162.82mn, a 5.3% increase over RO154.64mn in 2024, while net impairment losses on financial assets fell to RO43.63mn from RO46.12mn.
Total net loans and advances, including Islamic financing receivables, rose 4.2% to RO10,702mn, up from RO10,268mn in September 2024. Customer deposits, including Islamic deposits, were stable at RO10,099mn.
Operating profit for the nine-month period increased 8.8% to RO271.65mn. Total assets rose 3.6% to RO14,555mn, while total equity, which includes perpetual Tier I capital of RO505mn, grew 5% to RO2,528mn.
The bank's performance reflects steady growth across conventional and Islamic banking operations, supported by disciplined cost management and improved investment income.
Muscat Daily
16/07/2025
Bank Muscat, the flagship financial institution in the Sultanate of Oman, announced its preliminary unaudited results for the six months ending on June 30.
The bank posted a net profit of RO
Muscat Daily
22/04/2025
Bank Muscat places significant emphasis on digital transformation to achieve excellence in the banking sector and offer innovative services that meet the needs of individual and corporate customers.
Muscat Daily
16/04/2025
Bank Muscat, the largest financial institution in Oman, reported a net profit of RO58.56mn for the first quarter of 2025, compared to RO54.24mn reported during the same period in 2024, reflecting a y
Muscat Daily
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Arab News
Financial Information Co.
Saudi Arabia