4 Hrs
Source:
الوطن
Oman Bank Profits Aid Mix
Net profits of banks listed on the Muscat Stock Exchange rose to OMR 455 million in the first nine months of 2026, an increase of 8.1% from the same period in 2025, when they reached OMR 420.6 million. This growth is viewed as an indicator of improved performance in the banking sector and its ability to support economic diversification by financing businesses—particularly small and medium-sized enterprises—and non-oil sectors such as industry, tourism, mining and logistics. The impact of these profits depends on financing being directed towards viable projects, on asset quality, and on borrowers’ ability to repay. This could boost production and employment opportunities while reducing the economy’s reliance on oil.
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