Bank Muscat 9M 2026 net profit up 9% as deposits and lending grow
By Staff Writer
Bank Muscat, the largest lender in Oman by assets, reported a nine-month 2026 net profit of OMR209.18 million ($544 million), 9% higher year-on-year (YoY), supported by growth in customer deposits and lending.
The lender's net interest and Islamic financing income increased 3.4% YoY to OMR321.4 million during the period, according to a bourse disclosure on Thursday.
As of the end of September, customer deposits, including Islamic deposits, rose 8% to OMR10.92 billion.
Net loans and advances, including Islamic financing receivables, stood at OMR11.55 billion at the end of September.
Impairment losses for the 9M was OMR32.7 million, down from OMR 43.6 million the previous period.
Assets rose 10% to OMR16 billion.
(Writing by Brinda Darasha; editing by Seban Scaria)
brinda.darasha@lseg.com