Muscat: Banks have also been proactive in managing risks, reducing default rates, diversifying revenue streams, and enhancing operational efficiency—all of which played a role in the profit boost.
During the first half of the year, banks provided financing across a wide range of sectors, including private and development projects, as well as individual loans. By the end of March 2025, total credit extended by banks had grown to RO 26.2 billion, up from RO 25.5 billion in December 2024.
The market value of the banking sector also saw significant gains, rising by RO 438.3 million. By the end of June 2025, total market capitalization reached RO 4.71 billion, compared to RO 4.27 billion at the close of December 2024.
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Bank Muscat remains the sector leader in market capitalization, holding over RO 2.64 billion. It is followed by Bank Sohar International (RO 933 million), National Bank of Oman (RO 487.7 million), Bank Dhofar (RO 392.1 million), Ahli Bank (RO 364.1 million), and Oman Arab Bank.
