Commercial Bank Financial Performance Report Q1 2022
Associates' Performance - 31 March 2022
National Bank of Oman (NBO)
NBO Performance (OMR million)
■Operating Income
■ Profit
Net profit after tax at OMR 10.2m, up 48.6% as compared to Q1 2021.
Net operating income at OMR 33.2m, up 6.7% from Q1 2021.
Net interest income decreased by 3.1% to OMR 21.4m.
Non-interest income up 30.6% to OMR 11.8m.
Net provisions decreased by 5.8% to OMR 6.5m from OMR 6.9m in Q1 2021.
129
128
123
117
51
51
AALL
30
31
33
18
7
10
United Arab Bank (UAB)
Net profit of AED 30.4m in Q1 2022, up from AED 10.2m in Q1 2021.
Net operating income decreased by 11.8% to AED 116.9m v AED 132.3m in Q1 2021.
Net interest income up 4.3% to AED 66.9m.
Non-interest income down 26.7% to AED 50.0m.
Provisions decreased to AED 28.0m vs AED 62.5m in Q1 2021.
2018
2019
2020
2021
Q1 2021
Q1 2022
UAB Performance (AED million)
■Operating Income
647
77
Profit (Loss)
545
459
403
70
132
117
10
30
2018
2019
2020
2021
Q1 2021
Q1 2022
-471
-667
23
55View entire presentation