Bank Dhofar Corporate Overview
BankDhofar Overview
بنك ظفار
Bank Dhofar
Establishment
Operations
Business
Segments
Rating Agency
MOODY'S
Fitch Ratings
Snapshot of BankDhofar
► BankDhofar SAOG ("BankDhofar" or "the Bank") was
established in the Sultanate of Oman ("Oman”) in January 1990
as a public joint stock company and is engaged in retail banking,
corporate banking, investment banking and treasury services.
► Second largest listed bank in Oman by total assets as at 31st
December 2018 which currently stand at USD 10.944 billion and
has approximately 1,600 employees as at 31st of December
2018.
► Offers both conventional and Islamic products.
Operates a network of 71 branches with 61 conventional
branches (including 1 corporate center), 10 Islamic branches,
total 190 ATM/CDM/FFM machines made up of 121 Automated
Teller Machines ("ATMs"), 55 Cash and Cheque Deposit
Machines ("CCDMs") and 14 Full Function Machines ("FFMs")
as at 31st December 2018
Offers its services and products exclusively within Oman.
Operates via business divisions: Retail Banking, Wholesale
Banking, Treasury and FI Banking, Islamic Banking (as a
separate window) and Government Banking.
Retail and Wholesale Banking represents the Bank's largest
business segments, collectively contributing to 81% of the total
assets and 82% of the net operating income as at 31st
December 2018.
In 2013, MAISARAH (the Islamic Banking window) was
launched, offering retail and corporate Shari'ah-compliant
financial services and products to its customers.
Conversion Rate: 1.00 OMR = 2.5974 USD
Date
March 2019
March 2019
Source: BankDhofar's Annual& Quarterly Reports
Long Term Rating
Ba1
BB
Financial Highlights
USD million
2014
2015
2016
2017
2018
Total Assets
8,296
9,332 10,265
11,030 10,944
Yoy.
Change
-86
Total Equity
845
1,239
1,387
1,525 1,813
288
Net Loans, Advances &
Financing to Customers
5,857
7,088
7,764
8,439
8,205
-234
Customer Deposits
6,447
6,732
7,494
7,970
7,596
-374
Total Operating Income
257
299
331
330
348
18
105
121
124
124
131
7
10.76% 9.43% 9.85% 10.53% 11.88%
1.35%
Capital Adequacy
14.05% 14.70%
14.41% 15.44% 17.33%
1.89%
Net Profit
CET 1 Ratio
Ownership Structure (as at 31st December 2018)
BankDhofar is listed on the Muscat Securities Market (MSM) with a market
capitalisation of USD 1.207 billion as at 30th December 2018
9.7%
7.0%
9.8%
23.3%
10.4%
6.8%
Civil Service Pension Fund
Ministry of Defence Pension Fund
Public Authority of Social Insurance
8.7%
■Dhofar Intl. Development & Investment Holding Co.
24.4%
Represent Govt. Entities/ownership
27.9%
I
■ Eng. Abdul Hafidh Salim Rajab Al Ajuaili & his Cos.
■ H.E. Yousuf bin Alawi bin Abdullah & his Cos.
■Qais Omani Establishment
■ Other
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