National Bank of Oman (NBOB) Q3 2025 earnings summary

Executive summary

• Net profit for the first nine months of 2025 reached USD 134.5 million (RO 51.8 million), up 13.3% year-over-year, with total assets at USD 14.0 billion (RO 5.38 billion), a 7.8% increase from the prior year.

• Gross loans and advances grew 9.1% year-over-year to USD 11.3 billion, and fee income surged 23.8% to USD 101.4 million.

• The bank maintained a strong capital adequacy ratio of 16.4% and improved asset quality, with net impairment down 9.0% year-over-year.

• Strategic focus remains on digital transformation, sustainability, and expanding market share in both loans and deposits.

• The review report found no material misstatements and highlighted the special purpose nature of the statements for capital securities listing on Euronext Dublin.

Financial highlights

• Net interest income for 9M-25 was USD 213.1 million, up 1.9% year-over-year; operating income for the period was RO 121.1 million, up from RO 112.1 million.

• Cost-to-income ratio improved to 40.6% from 41.1% in 9M-24, reflecting operational efficiency.

• Return on assets (ROA) for 9M-25 was 1.29%, up from 1.21% in 9M-24; return on equity (ROE) was 8.85%.

• Non-performing loan (NPL) ratio improved to 4.5% in Sep-25 from 4.7% in Dec-24.

• Liquidity coverage ratio was 135.85%, net stable funding ratio 113.06%, and leverage ratio 12.55% as of Sep-25.

Outlook and guidance

• The bank is in the final year of its five-year strategy (2021-2025), aiming to further increase market share and profitability.

• Continued investment in digital capabilities and sustainability initiatives is expected.

• Regulatory changes and ESG mandates will shape future product offerings and reporting.

• The bank continues to monitor macroeconomic variables and has implemented an enhanced IFRS 9 ECL model, incorporating IMF forecasts and scenario analysis for credit risk.

• Management expects results for the nine months are not necessarily indicative of full-year performance.