- Bank Muscat reported a net income of 58.6 million rials for the first quarter, showing an 8% increase year-on-year from the previous 54.2 million rials.
- Net interest income reached 102 million rials, marking a 6.9% rise compared to the same period last year.
- Non-interest income was recorded at 38.7 million rials, up by 3.8% year-on-year.
- The bank’s operating expenses amounted to 55.0 million rials, which is a 6.2% increase year-on-year.
- The operating profit grew to 85.6 million rials, representing a 5.9% growth from the previous year.
- Impairments decreased by 7.3% year-on-year, standing at 15.0 million rials.
- Bank Muscat’s total assets rose to 14.34 billion rials, a 2.4% increase year-on-year.
- Net loans totaled 10.54 billion rials, experiencing a 6.9% growth from the previous year.
- Customer deposits increased by 2.6% year-on-year, reaching 10.00 billion rials.
- The investment community shows confidence with 4 buy ratings, 1 hold, and no sell ratings.
A look at Bank Muscat SAOG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank Muscat SAOG, a financial institution offering a range of services including corporate banking, retail banking, investment banking, and more, has garnered a solid overall outlook according to the Smartkarma Smart Scores. With a balanced performance across key factors, the bank’s future appears promising. Earning medium scores in Value, Dividend, and Growth, Bank Muscat SAOG shows stability and potential growth. Additionally, scoring high in Resilience and Momentum, the company demonstrates a strong ability to withstand challenges and maintain positive performance trends. This collective rating paints a positive picture for the long-term prospects of Bank Muscat SAOG.
Bank Muscat SAOG‘s Smartkarma Smart Scores reveal a well-rounded assessment of the company’s future outlook. Supported by its diversified portfolio of services and international operations, the bank’s consistent performance across Value, Dividend, Growth, Resilience, and Momentum indicates a balanced strategy that positions it well for sustained success. Investors looking for a stable yet growth-oriented financial institution may find Bank Muscat SAOG an attractive prospect based on these scores, implying a positive trajectory in the long run for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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