BankDhofar Business and Financial Overview
Credit Quality
1
Non-performing loans and Gross NPL Ratio
OMR million
3
Stage 2 Exposure & ECL
OMR million
I Non performing loans
Net NPL Ratio
Gross NPL Ratio
5.87%
5.11%
Stage 2 Exposure
S2 ECL / S2 Exposure
8.02%
4.67%
4.53%
214
180
149
155
822
3.17%
5.09%
4.81%
662
726
776
2.14%
1.81%
1.91%
2.00%
2
2019
2020
2021
2022
Non-Performing Loans Coverage Ratio
101.0%
93.3%
93.3%
79.6%
2019
2020
T
2021
2022
Provision Coverage Ratio
4
2019
2020
2021
2022
Stage 3 Coverage Ratio *
66.0%
62.7%
60.1%
54.3%
2019
2020
2021
2022
Stage 3 Coverage Ratio
* Total funded ECL stage 3 against funded stage 3 Exposure
5
بنك ظفار
BankDhofar
Gross NPL ratio stood at 5.87%
Net NPL (net of interest reserve &
ECL) has slightly reduced to
2.00% from 2.14% in 2019
NPL coverage ratio (total funded
ECL stage 1,2&3 against funded
stage 3 NPL) continues to
improve and stood at 101% as at
the end of Dec-22 from 79.6% in
2019.
Stage 2 ECL to Exposure ratio has
increased to 8.02% from 3.17% in
2019.
Stage 3 coverage ratio up to
66.00% on higher provision
during the years.
Post Covid restructuring led to an
increase in the restructured loan
to OMR 570M in 2022 from OMR
210M in 2021.
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