Bank Muscat’s net profit for the first half of 2026 increased by 9.3 percent to reach RO137.49 million, compared to a net profit of RO125.82 million for the same period in 2025.

The unaudited preliminary financial results for the six months ended June 30, 2026 showed that net interest income from conventional banking and Islamic financing income amounted to RO210.49 million for the six months ended June 30, 2026, compared to RO206.44 million for the same period in 2025, an increase of 2 percent.

Other revenues amounted to RO92.23 million for the six months ending June 30, 2026, compared to RO81.83 million for the same period in 2025, an increase of 12.7 percent. This increase is due to business growth and higher investment income.

Operating expenses for the six months ending June 30, 2026 amounted to RO114.38 million, compared to RO108.08 million for the same period in 2025, an increase of 5.8 percent. Bank Muscat has allocated RO24.30 million for the six months ending June 30, 2026 to cover net loan defaults and other potential losses, compared to net provisions of RO30.16 million for the same period in 2025.

The net loan and advances portfolio, which includes Islamic financing, recorded an increase of 6.2 percent to reach RO11,392 million compared to RO10,724 million on June 30, 2025. Customer deposits, including Islamic banking customer deposits, rose by 13.2 percent to reach RO11,182 million, compared to RO9,879 million on June 30, 2025.