BankDhofar Business and Financial Overview
1
Operating Expenses
49.6%
Cost to Income Ratio
55.0%
50.1%
2018
2019
2
OMR million
2020
-Operating Expenses/Operating Income
Operating Expenses Breakdown
57.2%
48.7%
2021
2022
65
7
72
70
7
7
13
17
15
3
3
3
41
45
44
2020
2021
2022
Staff Costs
Occupancy Costs
Other Operating Costs
■Depreciation
5
بنك ظفار
BankDhofar
Bank's operating expenses for
year 2022 lower by 3.67% at RO
69.68 million from RO 72.34
million in 2021.
The improvement in cost to
income ratio due to increased
operating income and active cost
management.
The bank has made significant
investments in technology and
streamlining operations to
improve controls and efficiency.
The benefit of these investments
will accrue in the coming years
and is expected to further improve
the cost to income ratio.
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