Bank Dhofar Business Performance Update
Snapshot
Second largest listed bank in Oman by total assets of USD 11.37
billion and 1,493 employees as of Q2 2022.
Market share in Oman Assets (13%) Loans (13%) Deposits (12%)
Diversified offering with well established retail franchise and also strong
corporate banking franchise leveraging on the Bank's relationship with the
Omani government and GRES
Strong capital position with CAR at 17.15% and CET1 at 12.59% as of Q2
2022, which are well above the minimum regulatory requirements (12.25%
and 8.25% respectively)
Credit rating outlook 'stable'
Rated 'Ba3 with outlook stable' by Moody's - April 2022
Rated 'BB- with outlook stable' by Fitch - January 2022
Experienced and dedicated management team with many years
of regional and global experience with leading financial institutions in both
conventional banking and Islamic finance
Conversion Rate: 1.00 OMR = 2.5974 USD. Used the conversion rate across the years for ease of comparison
بنك ظفار
Bank Dhofar
Financial Highlights
USD Million
2018
2019 2020 2021 Q2 2022
Total Assets
Total Equity
10,943
11,236 11,057 11,529 11,367
1,813
1,782
1,807
1,814
1,820
Net Loans, Advances and
Financing to Customers
8,205
7,957
8,482
8,691
8,626
Customer Deposits
7,597
7,645
7,432
7,729
7,670
Total Operating Income
342
338
338
328
182
Net Profit
CET 1 Ratio
131
79
79
65
43
11.88%
12.59% 12.45% 12.90% 12.59%
Capital Adequacy
17.33%
17.86% 17.70% 17.75% 17.15%
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