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
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