BankDhofar Financial Performance and Strategic Outlook
Profitability and Performance
1
OMR million
Net Revenue Breakdown
5%
7%
7%
8%
4%
14%
11%
10%
12%
11%
11%
12%
10%
12%
16%
15%
15%
7%
74%
71%
70%
67%
65%
66%
2018
2019
2020
■NII
■Net income from Islamic financing
2
Non-funded income (OMR'000)
2021
Q3 2021
Q3 2022
■Net F&C
■Other income
Non-Funded Income
5
بنك ظفار
BankDhofar
Operating income has remained relatively stable in previous years. The
income has started improving in the 3rd quarter of the year 2022 mainly
due to lower COF as compared to previous years.
Decline in net profit in 3rd quarter of 2022 as compared to same period
last year is mainly due to increase in net provisions as the Bank
continues to de-risk its balance sheet and improve coverage ratios.
Evolution of ROAE should be looked at in conjunction with the
improvement of the Bank's CET1 - resulting in a higher capital base.
OMR million
Net Profit and Annualised Return on Average Assets & Equity
50
Dec-18
Dec-19
Dec-20
Dec-21
Q3 2022
Net fees & commission income
15,604 14,227
13,589
15,447
11,336
7.8%
30
30
31
25
26
26
25
Foreign exchange
4,562
4,268
6,841
5,088
2,084
5.0%
Investment income
(13)
444
336
2,197
66
4.4%
4.4%
3.6%
Miscellaneous income
2,945
1,967
1,587
1,291
1,873
1.2%
0.7%
0.7%
0.8%
0.6%
Total Non-funded income
23,098
20,906
22,353
24,023
15,359
2018
2019
2020
2021
Q3 2022
Net profit
ROAE
ROAA
23View entire presentation