Commercial Bank Investment and Financial Health Review
Associates' Performance - 30 June 2020
National Bank of Oman (NBO)
Net profit after tax at OMR 15.0m, down by 40.7% as compared to H1
2019
Net operating income at OMR 59.2m, down by 8.0% from H1 2019
Net interest income decreased by 2.8% to OMR 45.0m
Non-interest income reduced by 21.2% to OMR 14.2m
NBO Performance (OMR million)
Operating Income ■ Profit
136
132
129
128
|
64
56
59
51
51
44
25
15
◆ Net provisions increased to OMR 9.2m, up by 116.2% from H1 2019
◆ Loan portfolio increased by 0.4% at OMR 2.8bn v H1 2019
2016
2017
2018
2019
H1 2019
H1 2020
◆ Customers' deposits up by 5.7% at OMR 2.6bn from H1 2019
United Arab Bank (UAB)
Net loss of AED 208.9m in H1 2020 due to higher provisions, as
compared to net profit of AED 35.8m in H1 2019
Net operating income down by 22.3% to AED 219.0m v AED 281.7m in
H1 19
Net interest income down by 20.4% to AED 163.4m
Non-interest income down 27.3% to AED 55.6m
UAB Performance (AED million)
Operating Income
■ Profit
861
I
677
647
545
17
77
282
219
36
-209
2016
2017
2018
2019
H1 2019
H1 2020
Provisions increased to AED 296.4m v AED 87.8m in H1 19
Loan book down by 15.8%, to AED 10.4bn v H1 19
Customers' deposits decreased by 9.6% to AED 11.7bn v H1 19
-523
-471
32
2
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