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Financial Year - 2024

Highlights

Net Interest Income
(Conventional)

95,053

Net Income from Islamic
Financing & Investment Activities

19,116

Non Interest Income

38,673

Operating Costs

78,851

Operating Profit
(Before Impairment Losses)

73,991

Profit From Operations

50,187

Net Profit For the Year

43,609

Total Assests

5,085,047

Net Loans, Advance & Financing

3,933,615

Customer Deposits

3,762,861

Total Equity

740,431

Share Capital

299,635

Financial Highlights of Last Five Years

	2024	2023	2022	2021	2020
(OMR’000)
NET INTEREST INCOME (CONVENTIONAL)	95,053	90,753	100,661	82,759	92,219
NET INCOME FROM ISLAMIC FINANCING AND INVESTMENT ACTIVITIES	19,116	20,068	21,755	19,664	15,421
NON INTEREST INCOME	38,673	33,262	20,736	24,023	22,353
OPERATING COSTS	78,851	68,648	69,683	72,340	65,079
OPERATING PROFIT (before Impairment losses)	73,991	75,435	73,469	54,106	64,914
PROFIT FROM OPERATIONS	50,187	43,775	40,204	29,455	35,923
NET PROFIT FOR THE YEAR	43,609	38,758	34,173	25,123	30,585

At year-end	2024	2023	2022	2021	2020
TOTAL ASSETS	5,085,047	4,685,797	4,317,332	4,438,786	4,257,023
NET LOANS, ADVANCES AND FINANCING	3,933,615	3,765,584	3,430,486	3,346,223	3,265,488
CUSTOMER DEPOSITS	3,762,861	3,299,223	2,891,819	2,975,639	2,861,315
TOTAL EQUITY	740,431	732,954	717,077	698,519	695,864
SHARE CAPITAL	299,635	299,635	299,635	299,635	299,635
FULL SERVICE BRANCHES	130	108	69	64	67
ATMs / CDMs / FFMs/ MFKs	375	318	230	192	189
STAFF	1,720	1,689	1,509	1,481	1,522

Financial Ratios of Last Five Years

	As at 31 December 2024	As at 31 December 2023	As at 31 December 2022	As at 31 December 2021	As at 31 December 2020

I. PROFITABILITY
Return on Weighted Average Total Equity (including AT1)	6.01%	5.40%	4.83%	3.60%	4.43%
Return on Weighted Average Shareholders Equity	7.66%	6.90%	6.19%	4.64%	5.71%
Return on Weighted Average Paid-up Capital	14.55%	12.94%	11.40%	8.38%	10.21%
Return on Average Assets	0.89%	0.86%	0.78%	0.58%	0.71%
Non-Interest Income to Operating Income	25.30%	23.09%	14.49%	19.00%	17.20%
Operating Expenses to Operating Income	51.59%	47.64%	48.68%	57.21%	50.06%

II. LIQUIDITY
Net Loans to Total Deposits	104.54%	114.14%	118.63%	112.45%	113.17%
liquidity Coverage Ratio	157.54%	146.97%	107.71%	123.54%	201.47%
Net Stable Funding Ratio	109.68%	108.22%	107.95%	109.24%	117.94%

III. ASSET QUALITY RATIOS
Loan Loss Provisions to Total Loans	4.40%	5.14%	5.93%	4.77%	4.23%
Non-Performing Loans to Total Loans	4.67%	5.39%	5.87%	5.11%	4.53%
Non-Performing Loans Net of Interest Reserve to Total Loans	4.05%	4.51%	4.76%	4.26%	3.81%
Net Non-Performing Loans	2.12%	2.05%	2.00%	1.91%	1.81%
Non-Performing Loans Coverage Ratio	94.29%	95.42%	100.98%	93.29%	93.35%

IV. CAPITAL ADEQUACY
Common Equity Tier 1 Ratio	12.43%	12.99%	13.86%	12.89%	12.45%
Tier 1 capital ratio	16.07%	16.79%	16.74%	16.75%	16.27%
Total Capital Adequacy Ratio	16.51%	17.48%	18.90%	17.74%	17.70%
Shareholder's Equity/ Total Assets	11.50%	12.32%	13.01%	12.23%	12.69%