Total assets went up by 44.2 per cent to RO1,083.3 million from RO751.5 million. Loans and advances to customers increased by 43.4 per cent from RO564.9 million RO810.0 million.

Customer deposits registered a 40 per cent growth to reach RO777.7 million from RO555.0 million. Shareholders’ equity rose to RO103.2 million from RO90 million, an increase of 14.7 per cent.

“With the initial stages of the five-year strategic plan of the bank being rolled out, Bank Dhofar has shown significant growth in all financial indicators,” Kris Babicci, acting CEO of the bank, said.

“This was achieved by improving our existing products and services, as well as introducing new ones that meet our customers’ expectations.”