Investor Presentaiton
The First Omani Commercial Bank
البنك الوطني العماني
NBO
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OVERVIEW
National Bank of Oman SAOG ("NBO" or the "Bank") was the first incorporated Bank in
the Sultanate of Oman ("Oman") - established in 1973 as a joint stock company,
providing conventional and Islamic banking services.
The Bank's shares are listed on the Muscat Stock Exchange ("MSX").
The Bank employed 1,417 employees as at 30th June 2023 and is the third largest
bank by total assets in Oman accounting to USD 11.7 billion as at 30th June 2023.
As at 31st March 2023, NBO serves approximately half a million retail customers and
25,000 corporate and SME customers via 66 branches and 203 ATM and CCDM units.
In addition, the Bank has two overseas branches in the UAE (Dubai and Abu Dhabi)
and legal closure of Egypt branch is in progress.
The Bank operates via four main segments namely, retail banking, wholesale banking,,
international banking and Islamic banking.
As at 30th June 2023, approximately NBO had 12.2% market share of loans and 12.3%
market share of deposits.
OWNERSHIP
(as at Dec2022)
Others < 5%
holding 38.81%
Civil Service
Employees Pension
Fund 11.54%
Suhail Salim Abdullah
Al Mukhaini Bahwan
14.75%
The Commercial Bank of Qatar
34.90%
50
Since 1973
CREDIT RATING
KEY FINANCIALS - NBO
In USD Millions
2020
2021
2022
H122
H123
Total Assets
9,435
10,600
11,153
10,907
11,655
Rating Agency
Period
Long-term Rating
Outlook
Net Loans
7,501
8,022
8,711
8,470
8,943
Deposits
6,564
7,579
7,915
7,897
8,582
MOODY'S
May 2023
Operating Income
304
320
359
171
196
Ba2
Positive
Net Profit
47
79
125
57
76
Tier 1
15.4%
15.0%
16.3%
14.8%
16.1%
Fitch Ratings
Total CAR
16.4%
15.8%
16.9%
15.3%
16.6%
May 2023
BB-
Positive
Loans to Deposit Ratio
114.3%
105.9%
110.1%
107.3%
104.2%
NPL Ratio
5.6%
5.3%
4.9%
5.3%
4.7%
Cost/Income
54.6%
51.5%
43.8%
44.4%
40.9%
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