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Bank Muscat, Oman's biggest lender by assets, made a net profit of 170.79 million riyals ($443 million) for nine-month 2024, up 7.5% year-on-year (YoY).
The net interest income from conventional banking and net income from Islamic financing stood at OMR 294 million for the period, up 4.6% YoY.
Net impairment for credit and other losses was OMR 45 million compared with OMR 49.25 million in the year-ago period.
Net Loans and advances, including Islamic financing receivables, rose 4% to OMR 10.27 billion as against OMR 9.860 billion.
Customer deposits, including Islamic deposits, increased by 6.6% to OMR10.1 billion.
(Writing by Brinda Darasha; editing by Seban Scaria)
