National Bank of Oman (NBOB) Q1 2026 earnings summary

Executive summary

• Net profit for Q1 2026 reached 19.5 million, up 14% year-over-year, driven by higher net interest and fee income.

• Operating profit grew 20.1% year-over-year, reflecting strong revenue growth and controlled expenses.

• Oman's stable macroeconomic environment and Vision 2040 diversification supported business momentum.

Financial highlights

• Net interest income rose 13.2% to 29.5 million compared to Q1 2025.

• Fee income increased 18.9% to 16.7 million year-over-year.

• Operating expenses grew 8% to 17.5 million.

• Net impairment charges increased 46.6% to 5.6 million.

• Gross loans and advances grew 7.6% to 4.5 billion; customer deposits reached 4.3 billion.

• CASA ratio stood at 54.1%.

Outlook and guidance

• Oman’s Eleventh Five-Year Plan (2026-2030) targets 4% annual GDP growth, focusing on manufacturing, tourism, logistics, renewables, and digital sectors.

• The bank expects continued growth, supported by economic diversification and digital transformation.