Financial Performance Overview
1
Operating Expenses
49.6%
55.0%
50.1%
2018
2019
2020
2
OMR million
Cost to Income Ratio
57.2%
48.7%
45.1%
2021
-Operating Expenses/Operating Income
Operating Expenses Breakdown
2022
Mar-23
65
72
70
17
7
7
7
2
13
17
15
3
3
3
3
1
11
41
45
44
2020
2021
2022
Mar-23
Staff Costs
Occupancy Costs
Other Operating Costs
■Depreciation
5
بنك ظفار
BankDhofar
Bank's operating expenses for
March 2023 are lower by 3.6% at
RO 17.1 million from RO 17.06
million in march 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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