Posted inBanking & Insurance

Bank Muscat Reports YoY 9% Uptick in Net Profit for FY26

Bank Muscat reported a 9% rise in nine-month FY26 net profit to OMR 209.18M, driven by growth in customer deposits and lending.

Sheikh Waleed Khamis Al-Hashar, CEO, Bank Muscat
Sheikh Waleed Khamis Al-Hashar, CEO, Bank Muscat

Bank Muscat, the largest lender in Oman by assets, reported a nine-month FY26 net profit of OMR 209.18M ($544M) supported by growth in customer deposits and lending.

The latest results represent a 9% YoY uptick on FY25.

FY25 Build-On

Oman’s largest bank – Bank Muscat – reported an increase in net profits of 13% in 2025 citing higher customer deposits and loans.

The development comes as the sultanate’s largest bank cited net profits of OR 255.54M ($662M) in 2025 compared to OR 225.58M ($584M) in 2024.

Total customer deposits rose 6.7% while loans extended to customers increased by 5%.

About Bank Muscat

Bank Muscat was formed in 1982 as a joint venture between HSBC and the Omani government.

The bank completed an IPO on the Muscat Securities Market in January 2007.


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