Saturday 07 / February / 2026
Muscat: Local banks listed on the Muscat Stock Exchange (MSX) raised their net profits recording a growth of 10.5 percent to OMR578 million during 2025 compared to OMR522.6 million in 2024.
Banks benefited from the growth of local economic activities, increased investments, higher Omani exports abroad, and a rise in the volume of credit provided by the banking sector to the government, individuals, and the private sector.
Bank Muscat recorded the highest profits at OMR255.5 million, followed by Bank Sohar International in second place with profits of OMR100.4 million, National Bank of Oman (NBO) in third place with profits of OMR70.2 million, Bank Dhofar in fourth place with profits of OMR51 million, Ahli Bank in fifth place with profits of OMR46.3 million, and Oman Arab Bank (OAB) in the sixth place with profits of OMR34.3 million. Bank Nizwa came in seventh place with profits of OMR20 million, registering an 11 percent growth compared to its net profits in 2024.
The MSX-listed banks confirmed that during 2025 they worked to achieve balanced and sustainable growth while maintaining the highest standards of governance and quality of services provided, noting the reflection of the government’s efforts to consolidate financial sustainability and enhance the state’s financial position on the performance of the banking sector, which also benefited from the rise in the Sultanate of Oman’s credit rating to investment grade by international credit rating agencies.
In their reports to shareholders, the banks stated that during the past year they worked on investing in digital services and kept pace with the growing demand for electronic payment solutions. They launched several electronic services, including the instant electronic financing service provided by Bank Muscat to a group of eligible customers, where the application is submitted electronically via mobile phone and the amount is received within minutes without the need to visit branches or complete any paperwork. Ahli Bank launched a digital debit card designed for instant activation and integration with the most prominent electronic payment wallets. The National Bank of Oman (NBO) stated that during the past year it launched a variety of digital banking solutions and services, including: launching the electronic direct debit authorisation service, which facilitates recurring payments for the bank's customers, in addition to the partial check payment service, launching the service for subscribing to the structured investment plan through the banking services application, and the service for opening new accounts digitally.
Last year saw further investment by the banking sector to develop the branch network to increase the geographical coverage of traditional and Islamic banking services in many vital areas. Banks also worked to strengthen their capital base, enabling them to expand lending and project financing, improve credit ratings, support long-term growth, and increase the value of their shareholders’ investments.
The total capital of banks listed on the Muscat Stock Exchange reached OMR2.6516 billion at the end of December 2025, recording a growth of 4 percent compared to its level in 2024, which was OMR2.547 billion. Bank Muscat led the banks in terms of capital size, amounting to OMR750.6 million, followed by Bank Sohar International at OMR702.5 million and Bank Dhofar at OMR303.9 million.
The year 2025 also saw a 10.8 percent increase in total bank assets, which rose to OMR46.48 billion by the end of December, compared to OMR41.53 billion at the end of December 2024. Bank Muscat led the banks in asset size at OMR13.9 billion, followed by Bank Sohar International at OMR7.3 billion while the National Bank of Oman asset size was OMR5.2 billion.
