Bank Muscat Posts
Net Profit of RO 58.56 Million

Muscat, 15 Apr
(ONA) — Bank Muscat announced a net profit of RO 58.56 million during the first
quarter of 2025 compared to RO 54.24 million during the corresponding period in
2024, comprising a rise by 8%.

Net Interest
Income from Conventional Banking and Net Income from Islamic Financing stood at
RO 102.00 million for the first three months of 2025 compared to RO 95.45
million for the same period in 2024, an increase of 6.9% mainly due to the increase
in loan volumes.

Non-interest
income stood at RO 38.67 million for the first three
months of 2025 as compared to RO 37.25 million for the same period in 2024, an
increase of 3.8%.

Operating
expenses for the first three months of 2025 reached RO 55.03 million as
compared to RO 51.80 million for the same period in 2024, constituting an
increase of 6.2%.

Net
impairment losses on financial assets for the first three months of 2025
reached RO 15.04 million as against RO 16.22 million for the same period in 2024.

Net Loans and
advances including Islamic financing receivables increased by 6.9% to RO 10,540
million as against RO 9,860 million as at 31 March 2024.

Customer
deposits including Islamic Customer deposits increased by 2.6% to RO 10,003
million as against RO 9,750 million as at 31 March 2024.

—Ends/AG