- Bank Muscat’s net income for the fiscal year reached 225.6 million rials, marking a 6.2% increase from the previous year.
- Operating profit improved by 5.4%, totaling 333.4 million rials.
- Net interest income rose by 6.1%, amounting to 397.7 million rials.
- Non-interest income saw a 5.1% increase, reaching 145 million rials.
- Operating expenses increased by 6.6%, climbing to 209.3 million rials.
- Impairments showed a slight decrease of 0.4%, standing at 64.4 million rials.
- Customer deposits rose to 9.78 billion rials, a 3.6% growth.
- Bank Muscat’s total assets increased by 2.7%, reaching 14.04 billion rials.
- Analysts’ recommendations for Bank Muscat include 4 buys and 2 holds, with no sell recommendations.
A look at Bank Muscat SAOG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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
Analysts using the Smartkarma Smart Scores have provided an overall positive long-term outlook for Bank Muscat SAOG. With balanced scores across key factors such as Value, Dividend, Growth, Resilience, and Momentum, the bank is positioned favorably for future performance. Its strong momentum score indicates a potential for upward movement, reflecting positive market sentiment towards the company.
Bank Muscat SAOG, a provider of diversified financial services including corporate banking, retail banking, investment banking, treasury, private banking, and asset management, operates internationally. The evenly spread scores across Value, Dividend, Growth, Resilience, and Momentum suggest a well-rounded approach to its operations, catering to various aspects of the financial industry. Investors may find the company’s overall outlook promising based on the Smartkarma Smart Scores assessment.
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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