National Bank of Oman (NBOB) Q1 2026 earnings summary

Executive summary

• Net profit for Q1 2026 reached USD 50.6 million, up 14% year-over-year, with total assets at USD 15.3 billion, and operating profit grew 20.1% year-over-year, reflecting strong revenue growth and controlled expenses.

• Gross loans and advances grew 7.6% year-over-year to USD 11.6 billion, while fee income rose 18.9% to USD 43.5 million.

• Maintained a strong capital adequacy ratio of 17.5% and a net stable funding ratio of 124.6%.

• Cost-to-income ratio improved to 37.9% in Q1 2026, reflecting disciplined expense management.

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

Financial highlights

• Net interest income for Q1 2026 increased by 13.2% year-over-year to USD 76.7 million.

• Net impairment charges rose 46.6% to USD 14.5 million, reflecting conservative provisioning.

• Return on assets (ROA) for Q1 2026 was 1.40%, up from 1.24% in Q1 2025; return on equity (ROE) was 7.8%, down from 9.0%.

• Non-performing loan (NPL) ratio declined to 4.5% in Q1 2026 from 4.6% in Q1 2025.

• CASA ratio stood at 54.1%.

Outlook and guidance

• Strategic roadmap for 2026-2028 focuses on profitable and sustainable growth, relationship-centric business, innovation, market-ready capabilities, and ecosystem enablement.

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

• Plans to expand lending into priority sectors, develop tailored solutions for emerging industries, and grow ESG-linked financing.

• Emphasis on digital transformation, sustainable finance, and supporting national development projects.