Bank Dhofar Corporate Overview

Profitability and Operating Performance Highlights Financial Performance о Net profits reported for the year ended 31st December 2018 was USD 130.60mn. compared to USD 123.71mn. reported during the same period in 2017. О Operating Income reported for the year ended 31st December 2018 was USD 348.37mn. compared to USD 329.68mn. reported during the same period in 2017, a 5.67 percent increase. о Operating Income has been on a consistent upward trajectory for the last 6 years, reflecting solid growth in the underlying business with an incline of 5.67 percent reported for the year ended 31st December 2018 compared to the same period in 2017. Cost to Income ratio as 31st December 2018 is within the historical range at 50.50%. Cost to Income Ratio 44.1% 42.6% 50.6% 46.7% USD million Profitability بنك ظفار Bank Dhofar 348 330 331 299 257 233 218 204 152 121 124 124 131 98 105 36 2011* 2012 2013** 2014 Operating Income 2011 includes legal case loss charge off of OMR 26 million. 2013 includes recovery from the legal case of OMR 26 million. The Net Profits excluding the legal case recovery in 2013 was OMR 35.4 million. 2015 ■Net Profit 2016 2017 2018 Annualised Return on Average Assets, Equity & Shareholders Equity (%) 50.5% 46.5% 15.5% 44.4% 44.6% 2011 2012 2013 2014 2015 2016 Operating Expenses/Operating Income 2017 2018 Conversion Rate: 1.00 OMR = 2.5974 USD Source: BankDhofar's Annual & Quarterly Report 20.7% 6.1% 2.1% 15.4% ✓ 13.63% 12.9% 12.22% 10.70% 9.49% 11.7% - 7.8% 9.4% 8.5% 2.5% 1.8% 0.8% 1.4% 1.4% 1.3% 1.2% 2010 2011 2012 2013* 2014 1.2% 2015 2016 2017 2018 ROAA ―― ROAE ROASE * 2013 includes recovery from the legal case of USD 67.86mn. Excluding the legal case recovery RoAA was 1.5% and ROAE was 12.5%. 16

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