Investor Relations

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Invitation to Attend the Annual General Meeting

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At BankDhofar, we strive to be 'the best bank for you' by making banking more convenient and easier than ever. With our commitment to excellence and growth, you can trust that we will be there to help you through all of your banking needs. Whether it's opening a new account, borrowing money, or transferring funds, we will do our best to make your banking experience as seamless and stress-free as possible. Let us be your reliable partner – BankDhofar: the best bank for you.

Financial Reports

Financial Year - 2023

Highlights

Net Interest Income

90,753

Net Income from Islamic Financing & Investment Activities

20,068

Non Interest Income

33,262

Operating Costs

68,648

Operating Profit

75,435

Profit From Operations

43,775

Net Profit For the Year

38,758

Total Assests

4,685,797

Net Loans, Advance & Financing

3,765,584

Customer Deposits

3,299,223

Total Equity

732,954

Share Capital

299,635

Financial Highlights of Last Five Years

	2023	2022	2021	2020	2019	2018
(OMR’000)
NET INTEREST INCOME (CONVENTIONAL)	90,753	100,661	82,759	92,219	84,649	87,918
NET INCOME FROM ISLAMIC FINANCING AND INVESTMENT ACTIVITIES	20,068	21,755	19,664	15,421	10,182	9,509
NON INTEREST INCOME	33,262	20,736	24,023	22,353	35,133	34,426
OPERATING COSTS	68,648	69,683	72,340	65,079	71,474	65,456
OPERATING PROFIT (before Impairment losses)	75,435	73,469	54,106	64,914	58,490	66,397
PROFIT FROM OPERATIONS	43,775	40,204	29,455	35,923	36,092	59,743
NET PROFIT FOR THE YEAR	38,758	34,173	25,123	30,585	30,244	50,281

At year-end	2023	2022	2021	2020	2019	2018
TOTAL ASSETS	4,685,797	4,317,332	4,438,786	4,257,023	4,325,845	4,213,490
NET LOANS, ADVANCES AND FINANCING	3,765,584	3,430,486	3,346,223	3,265,488	3,063,350	3,158,844
CUSTOMER DEPOSITS	3,299,223	2,891,819	2,975,639	2,861,315	2,943,188	2,924,504
TOTAL EQUITY	732,954	717,077	698,519	695,864	686,155	698,162
SHARE CAPITAL	299,635	299,635	299,635	299,635	299,635	280,033
FULL SERVICE BRANCHES	108	69	64	67	71	71
ATMs / CDMs / FFMs/ MFKs	318	230	192	189	202	190
STAFF	1,689	1,509	1,481	1,522	1,586	1,600

Financial Ratios of Last Five Years

	As at 31 December 2023	As at 31 December 2022	As at 31 December 2021	As at 31 December 2020	As at 31 December 2019

I. PROFITABILITY
Return on Weighted Average Total Equity (including AT1)	5.40%	4.83%	3.60%	4.43%	4.37%
Return on Weighted Average Shareholders Equity	6.90%	6.19%	4.64%	5.71%	5.64%
Return on Weighted Average Paid-up Capital	12.94%	11.40%	8.38%	10.21%	10.43%
Return on Average Assets	0.86%	0.78%	0.58%	0.71%	0.71%
Non-Interest Income to Operating Income	31.07%	14.49%	19.00%	17.20%	16.09%
Operating Expenses to Operating Income	47.64%	48.68%	57.21%	50.06%	55.00%

II. LIQUIDITY
Net Loans to Total Deposits	114.14%	118.63%	112.45%	114.13%	104.08%
liquidity Coverage Ratio	146.97%	107.71%	123.54%	201.47%	227.57%
Net Stable Funding Ratio	108.22%	107.95%	109.24%	117.94%	122.17%

III. ASSET QUALITY RATIOS
Loan Loss Provisions to Total Loans	5.18%	5.93%	4.77%	4.23%	3.72%
Non-Performing Loans to Total Loans	5.39%	5.87%	5.11%	4.53%	4.67%
Non-Performing Loans Net of Interest Reserve to Total Loans	4.54%	4.76%	4.26%	3.81%	3.91%
Net Non-Performing Loans	2.02%	2.00%	1.91%	1.81%	2.14%
Non-Performing Loans Coverage Ratio	96.01%	100.98%	93.29%	93.35%	79.58%

IV. CAPITAL ADEQUACY
Common Equity Tier 1 Ratio	12.99%	13.86%	12.89%	12.45%	12.59%
Tier 1 capital ratio	16.79%	16.74%	16.75%	16.27%	16.40%
Total Capital Adequacy Ratio	17.48%	18.90%	17.74%	17.70%	17.86%
Shareholder's Equity/ Total Assets	12.32%	13.01%	12.23%	12.69%	12.27%