Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary unaudited results for the three months period ended 31 March 2026. The Bank posted a net profit of 1 63.95 million for the period compared to 1 58.56 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 1 104.14 million for the three months period ended 31 March 2026 compared to 1 102.00 million for the same period in 2025, an increase of 2.1 per cent.
2) Non-interest income was 1 41.13 million for the three months period ended 31 March 2026 as compared to 1 38.67 million for the same period in 2025, an increase of 6.4 per cent.
3) Operating expenses for the three months period ended 31 March 2026 was 1 57.78 million as compared to 1 55.03 million for the same period in 2025, an increase of 5.0 per cent.
4) Net impairment losses on financial assets for the three months period ended 31 March 2026 was 1 11.24 million as against 1 15.04 million for the same period in 2025.
5) Net Loans and advances including Islamic financing receivables increased by 6.3 per cent to 1 11,209 million as against 1 10,541 million as at 31 March 2025.
6) Customer deposits including Islamic Customer deposits increased by 4.9 per cent to 1 10,492 million as against 1 10,003 million as at 31 March 2025.
*Total Equity includes Perpetual Tier I capital of 1 505 million (2025: 1 505 million).
The full results for the three months period ended 31 March 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 April 2026.
