National Bank of Oman (NBOB) investor relations material

Executive summary

• Net profit for H1 2026 reached 39.1 million, up 14.9% year-over-year, with total assets rising 13.1% to 6.2 billion as of June 30, 2026.

• Completed a successful five-year strategy in 2025 and began a new three-year strategy focused on profitable, sustainable growth, digital transformation, and customer relationship strengthening.

• Maintained a resilient capital position and liquidity, with capital ratios well above regulatory requirements.

• Continued investment in technology and digital channels, supporting digital transformation and customer-centric innovations.

• Exited Egyptian operations, now focused on Oman and UAE markets, with legal closure underway.

Financial highlights

• Net interest income for H1 2026 was 59.6 million, up 11.7% year-over-year; fee income rose 20% to 31.3 million.

• Net profit for H1 2026 reached 39.1 million, a 14.9% YoY increase.

• Gross loans and advances grew 9.3% year-over-year to 4.6 billion; customer deposits also up 9% to 4.6 billion.

• Cost-to-income ratio improved to 39.1% for H1 2026, down from 55% in 2021.

• Impairment charges rose 38.3% year-over-year to 9.8 million, reflecting prudency and additional provisioning.

Outlook and guidance

• Strategic roadmap (2026–2028) focuses on profitable, sustainable growth, customer relationships, innovation, and tech enablement.

• Management aims to improve ROE to double digits over the medium term, though current ROE (8.5%-8.7%) remains below cost of equity.

• Cost-to-income ratio expected to remain around 40%-41% due to ongoing investments in technology and regulatory compliance.

• Loan growth opportunities remain strong, supported by robust local market and government infrastructure projects.

• Oman’s economic outlook remains stable, supported by prudent fiscal management and diversification, with positive credit ratings.