- Bank Muscat’s net income reached 170.8 million rials, marking a 7.5% increase from the previous year.
- Operating profit grew by 6.3% year-over-year, totaling 249.6 million rials.
- Net interest income increased to 293.9 million rials, which is a 4.6% rise compared to last year.
- Impairments decreased by 8.7%, amounting to 45.0 million rials.
- Total assets of Bank Muscat escalated by 4% to reach 14.06 billion rials.
- Net loans extended by the bank increased by 4.1%, totaling 10.27 billion rials.
- Customer deposits grew significantly by 6.6%, reaching 10.11 billion rials.
- Analysts have a positive outlook, with 4 buy recommendations and 2 hold recommendations, while there are no sell recommendations.
A look at Bank Muscat SAOG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank Muscat SAOG, a financial services provider with a wide range of offerings including corporate banking, retail banking, investment banking, treasury services, private banking, and asset management, has received varying Smart Scores across different factors. While the company scores well in terms of Dividend and Momentum, indicating a solid payout to investors and strong market performance, its scores for Value, Growth, and Resilience are more moderate. This suggests a mixed long-term outlook for Bank Muscat SAOG, with strengths in dividends and momentum but room for improvement in value, growth, and resilience.
Investors considering Bank Muscat SAOG should take into account its diverse operations and international presence. With a balanced set of Smart Scores, the company showcases both positive and potentially challenging aspects for its future performance. Understanding the nuances of these scores can provide valuable insights for investors looking to make informed decisions about their investments in Bank Muscat SAOG.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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