Bank Muscat 9M 2026 net profit reaches RO 209.18 million

MUSCAT: Bank Muscat, the flagship financial institution in the Sultanate of Oman, announced its preliminary unaudited results for the nine months period ended September 30, 2026. The Bank posted a net profit of RO 209.18 million for the period compared to RO 191.57 million reported during the same period in 2025, an increase of 9.2 per cent. The key highlights of the results for the period are as follows:
1)Net Interest Income from Conventional Banking and Net Income from Islamic Financing stood at RO 321.4 million for the nine months period ended September 30, 2026 compared to RO 310.9 million for the same period in 2025, an increase of 3.4 per cent.
2)Non-interest income was RO 131.63 million for the nine months period ended September 30, 2026 as compared to RO 123.57 million for the same period in 2025, an increase of 6.5 per cent, mainly due to growth in business volumes.
3)Operating expenses for the nine months period ended September 30, 2026 was RO 172.27 million as compared to RO 162.82 million for the same period in 2025, an increase of 5.8 per cent.
4)Net impairment losses on financial assets for the nine months period ended September 30, 2026 was RO 32.76 million as against RO 43.63 million for the same period in 2025.
5)Net Loans and advances including Islamic financing receivables increased by 7.9 per cent to RO 11,552 million as against RO 10,704 million as at September 30, 2025.
6)Customer deposits including Islamic customer deposits increased by 8.1 per cent to RO 10,919 million as against RO 10,099 million as at September 30, 2025.