Oman’s flagship financial institution, Bank Muscat, recently announced its preliminary unaudited results for the year ended December 31, 2025. The Bank posted a net profit of RO 255.54 million for the period compared to RO 225.58 million reported during the same period in 2024, marking an increase of 13.3%.
Net Interest Income from Conventional Banking and Net Income from Islamic Financing stood at RO 413.01 million for the year ended December 31, 2025, compared to RO 397.70 million for the same period in 2024, an increase of 3.8%. Non-interest income, on the other hand, was RO 174.18 million for the year ended December 31, 2025, as compared to RO 145.00 million for the same period in 2024, an increase of 20.1% due to Bank Muscat’s growth in business volumes and higher investment income.
Operating expenses for the year were RO 222.88 million, compared to RO 209.26 million for the same period in 2023, reflecting an increase of 6.5%. Net impairment losses on financial assets were RO 60.97 million as against the 2024 tally of RO 64.41 million.
Bank Muscat’s net loans and advances, including Islamic financing receivables, increased by 4.8% to RO 10,731 million as against RO 10,237 million as at December 31, 2024. Customer deposits, including “Islamic Customer Deposits”, increased by 6.7% to RO 10,430 million as against the 2024 tally of RO 9,777 million.
The full results for the year ended December 31, 2025, 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 in January 2026.
Bank Muscat’s gains also coincide with the latest numbers emerging from the Gulf country’s banking sector. By the end of November 2025, credit provided by conventional commercial financial institutions saw an increase of 8.5%, indicating a robust growth in banking activities. Credit to the private sector rose by 5.8%, reaching RO 21.9 billion during the same timeframe.
In terms of investments, the Gulf country’s conventional commercial banks recorded a 7.4% rise in total investments in securities, amounting to approximately RO 6.4 billion by the end of November 2025. Investments in government development bonds experienced a 9.5% year-on-year increase, totalling RO 2.2 billion. Investments in foreign securities, on the other hand, dropped by 4.4%, settling at RO 2.3 billion over the same period.