Bank Muscat Preliminary Results

BankMuscat (S.A.O.G)

15 October 2026

 

Bank Muscat announces preliminary unaudited results for the nine months ended  

30 September 2026

Net Profit at R.O 209.18 million

MUSCAT, 15 October, 2026: Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary unaudited results for the nine months period ended 30 September 2026. The Bank posted a net profit of R.O 209.18 million for the period compared to    R.O       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 R.O 321.4 million for the nine months period ended 30 September 2026 compared to R.O 310.9 million for the same period in 2025, an increase of 3.4 per cent.

2)  Non-interest income was R.O 131.63 million for the nine months period ended 30 September 2026 as compared to R.O 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 30 September 2026 was R.O 172.27 million as compared to R.O 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 30 September 2026 was R.O 32.76 million as against R.O 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 R.O 11,552 million as against R.O 10,704 million as at 30 September 2025.

6)  Customer deposits including Islamic customer deposits increased by 8.1 per cent to        R.O 10,919 million as against R.O 10,099 million as at 30 September 2025.

Key highlights of preliminary unaudited results

Particulars (R.O million) For the period ended	30 Sep 2026	30 Sep 2025	Change (%)
Net interest income & Islamic financing income	321.40	310.90	3.4%
Other operating income	131.63	123.57	6.5%
Operating expenses	172.27	162.82	5.8%
Operating profit	280.76	271.65	3.4%
Net profit	209.18	191.57	9.2%
Particulars (R.O million) As at period ended	30 Sep 2026	30 Sep 2025	Change (%)
Total Assets	15,998	14,558	9.9%
Net loans and Islamic financing	11,552	10,704	7.9%
-    Conventional loans and advances	9,751	9,043	7.8%
-    Islamic financing receivables	1,801	1,661	8.4%
Customer deposits and Islamic deposits	10,919	10,099	8.1%
-    Conventional customer deposits	9,164	8,524	7.5%
-    Islamic customer deposits	1,755	1,575	11.4%
Total Equity*	2,682	2,527	6.1%

*Total Equity includes Perpetual Tier I capital of R.O 505 million (2025: R.O 505 million).

The full results for the nine months period ended 30 September 2026 along with the complete set of unaudited financial statements will be released following the approval of the Board of Directors of the Bank at its meeting scheduled later during October 2026.

Waleed K. Al Hashar

Chief Executive Officer

 

END