Bank Muscat SAOG 2020 Annual Report with Sustainability Disclosures
The report highlights Bank Muscat's financial and operational performance during the fiscal year 2020, navigating the challenges of the COVID-19 pandemic. The bank achieved a net profit of RO 163.36 million and maintained a strong capital adequacy ratio of 20.77%. Key digital initiatives were accelerated, including the automation of retail loans which reduced processing times by over 40% and reaching over 1 million mobile banking customers. Additionally, the bank contributed RO 1 million to the Ministry of Health for COVID-19 relief and completed community projects like the old Misfat village tourism project.
Company: Bank Muscat SAOG
Sector: Finance & insurance
Country: Oman
Year: 2020
Type: Annual Report with Sustainability Disclosures
Pages: 162
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Bank Muscat SAOG
Annual Report
The report highlights Bank Muscat's financial and operational performance during the fiscal year 2020, navigating the challenges of the COVID-19 pandemic. The bank achieved a net profit of RO 163.36 million and maintained a strong capital adequacy ratio of 20.77%. Key digital initiatives were accelerated, including the automation of retail loans which reduced processing times by over 40% and reaching over 1 million mobile banking customers. Additionally, the bank contributed RO 1 million to the Ministry of Health for COVID-19 relief and completed community projects like the old Misfat village tourism project.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees