Muscat: Bank Muscat today announced its preliminary unaudited results for the six months ended on 30 June 2025, which indicate that the Bank posted a net profit of RO 125.82 million for the period compared to RO 112.12 million reported during the same period in 2024, an increase of 12.2 percent.
According to Oman News Agency, the key highlights of the results for the period are as follows: Net interest income from conventional banking and net income from Islamic Financing stood at RO 206.44 million for the six months period ended on 30 June 2025 compared to RO 190.63 million for the same period in 2024, an increase of 8.3 percent.
Non-interest income stood at RO 81.83 million for the six months period ended 30 June 2025 as compared to RO 75.27 million for the same period in 2024, an increase of 8.7 percent mainly due to growth in business volumes and higher investment income.
Operating expenses stood at RO 108.08 million as compared to RO 102.13 million for the same period in 2024, rising by 5.8 percent.
Net impairment losses on financial assets for the six months period ended 30 June 2025 was RO 30.16 million as against RO 29.96 million for the same period in 2024.
Net Loans and advances including Islamic financing receivables increased by 5.1 percent to RO 10,727 million as against RO 10,208 million as at 30 June 2024.