Investor Presentation September 2023
Operating Expenses
1
2
49.6%
55.0%
50.1%
2018
2019
2020
OMR million
Cost to Income Ratio
57.2%
48.7%
46.2%
2021
-Operating Expenses/Operating Income
Operating Expenses Breakdown
2022
Sep-23
65
72
70
7
7
7
13
3
41
734
17
15
3
45
44
25928
50
34
2020
2021
2022
Sep-23
Staff Costs
Occupancy Costs
Other Operating Costs
Depreciation
بنك ظــفــار
Bank Dhofar
Bank's operating expenses for
September 2023 are lower by
1.78% at RO 50.23 million from
RO 51.14 million in September
2023.
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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