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Investor Presentaiton

NBO - Operating Performance 54.57% 51.48% OVERVIEW Net Interest income for H1 2023 increased by 21.8 per cent compared to H1 2022. This is driven by strong growth in loan volumes. The bank continued to invest in people and technology, despite that, Cost-to-Income ratio for H1 2023 improved to 40.9 per cent compared to 44.4 per cent for the corresponding period last year on the back of strong revenue growth and robust control on operating expenses. Return metrics improved - ROA for H1 2023 was 1.34% compared to 1.07% in H1 2022. ROE for H1 2023 was 9.15%, up by 121 bps as compared to 7.94% in H1 2022. Net Impairment for H1 2023 decreased by 8.7%. The reduction is on account of conservative provisioning approach undertaken in the previous years, subsequently there has been improvement to the economic activities and borrower profiles reflected in the lowered expected credit losses. OPERATING INCOME COMPOSITION 3.37% USD million 320.4 303.8 359.1 195.9 5.53% البنك الوطني العماني NBO 50 KEY PROFITABILITY METRICS 43.78% Since 1973 44.43% 40.94% 8.21% 7.97% 9.39% 2.61% 2.75% 2.78% 0.49% 0.77% 2.86% 2.35% 1.14% 1.08% 1.36% 2020 2021 2022 H1'22 H1'23 Cost to Income ROE ROA NIM USD million NET IMPAIRMENT 165.8 164.9 171.4 157.2 81.4 65.7 63.9 237.9 268.9 61.8 62.3 76.2 80.2 52.6 236.1 121.5 148.0 30.1 30.0 27.2 24.8 67.7 100.1 82.5 101.0 90.1 95.4 49.9 46.1 47.8 50.2 2020 2021 2022 Q2 2022 Q2 2023 2020 2021 2022 H1'22 H1'23 Net Interest Income Other Operating Income Staff Costs Other Operating Expenses 9
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