BankDhofar Financial Performance and Strategic Outlook
Bank Dhofar Key Credit Strengths
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1. Leading Franchise in Oman
2nd largest listed bank in Oman by total assets, loans, and market capitalisation
Diversified product offering with a well-established retail banking franchise
Strong corporate banking platform supporting the Government of Oman and GRES
Award winning and one of the fastest growing Islamic banking windows in Oman
6. Experienced & Seasoned Management
Experienced and dedicated management team with vast
regional and global experience with leading financial
institutions in both conventional banking and Islamic finance
5. Diversified & Smart Distribution Channels
بنك ظفار
» Strong distribution network with an optimal coverage of the
Oman territory (64 branches (indlyign 10 Islamic branches),
122 ATMs, 57 CCDMS1, 23 FFMs2 and 3 MFKs³ as of 30th
September 2022)
Bank Dhofar
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Continuous branches modernisation with introduction of
multi-function kiosk machine for convenient banking 24/7
Market-edge internet banking and mobile banking in Oman
1. Cash and Cheque Deposit Machines ("CCDMS")
2. Full Function Machines ("FFMs")
3. Multi-Function Kiosk ("MFKs")
4. Including capital conservation buffers
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2. Government Ownership
The Government Related Entities owns c.25% of Bank
Dhofar share capital
High probability of support from the government, if required,
given Bank Dhofar's systemic importance for the country
3. Stable and Growing Operating Environment
Stable banking sector
Prudent regulatory environment
>> Stable political system in the Oman with excellent diplomatic
relationship in the region and around the globe
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Positioned to benefit from growth in Oman with economic
diversification, favorable population demographics and clear
policy measures.
4. Solid and Robust Capitalisation
>> Strong capital position with CAR at 17.55% and CET1 at 12.83% as of September 2022, which are well above the
minimum regulatory requirements (13.5%4 and 9.5% respectively)
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The Bank has been consistently paying dividends over the past 15 years
Strong shareholder base which has consistently supported the bank's capital position
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بنك ظفار
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