Oman International Bank
| Name | Oman International Bank | |
| Sector | Finance & Insurance - Commercial Banks | |
| Trading | MSM | |
| RIC Code | OIB.OM | |
| Location | OMAN |
Profile and Background
Oman International Bank (OIB) was established in 1984 and is the most strongly capitalized bank in the sultanate. It has the largest branch network, with 84 outlets in Oman, two branches in India and one in Pakistan.
The bank is seen as a leader in automation and has introduced several innovative products and services into the local banking market. It was the first bank to issue Visa cards in Oman and in 1995 launched MasterCard.
It now has some 80 automated teller machines (ATMs) throughout the country, and this number was expected to rise to 100 by the end of 1999. With Unisys, the bank has developed a branch automation system called Finesse 2000 and has successfully implemented Quality Service 2000, a programme involving the re-engineering of all its branches.
Its large branch network gives it a broad customer base and unrivalled access to low-cost retail deposits - about one-third of total low-cost savings deposits. This large pool of funds more than compensates for the increased costs of operating such a large number of branches.
The bank reported a fall in profits in 1999 due to a sharp rise in provisions. A new strategy has now been devised by Anthony Wright, an experienced international banker who joined OIB in 1999. The plan is to focus on local consumer markets and upgrade services.
The bank raised $100 million in a syndicated loan in May to lay the foundations for further balance sheet growth.OIB's major shareholder is the Al-Zawawi group of companies with 47 per cent.
The bank is seen as a leader in automation and has introduced several innovative products and services into the local banking market. It was the first bank to issue Visa cards in Oman and in 1995 launched MasterCard.
It now has some 80 automated teller machines (ATMs) throughout the country, and this number was expected to rise to 100 by the end of 1999. With Unisys, the bank has developed a branch automation system called Finesse 2000 and has successfully implemented Quality Service 2000, a programme involving the re-engineering of all its branches.
Its large branch network gives it a broad customer base and unrivalled access to low-cost retail deposits - about one-third of total low-cost savings deposits. This large pool of funds more than compensates for the increased costs of operating such a large number of branches.
The bank reported a fall in profits in 1999 due to a sharp rise in provisions. A new strategy has now been devised by Anthony Wright, an experienced international banker who joined OIB in 1999. The plan is to focus on local consumer markets and upgrade services.
The bank raised $100 million in a syndicated loan in May to lay the foundations for further balance sheet growth.OIB's major shareholder is the Al-Zawawi group of companies with 47 per cent.
Shareholding Groups
| Individuals | 15% |
| Institutions | 32% |
| Floating | N/A |
| Government | N/A |
Stock Performance
Market Information
| Stock | Oman Index | |
| Last Closing | RO 3.36 | 1832.4 |
| YTD % |  22.037% |  0% |
| Weekly % | 13.255% | 6.57% |
| Year High | RO 4.56 | 1909.5 |
| Year Low | RO 2.62 | 1555 |
| 52 Week High | RO 4.29 | 2951.18 |
| 52 Week Low | RO 2.85 | 1734.99 |
| BETA | 1.018 | |
| Outstanding Shares | 75,475,800 | |
| Market Cap | RO 253,598,688 | |
| Market Cap in $ | USD $658,697,891 | |
| % of Oman Market | 5.29% | |
| % of Sector | 10.65% | |
| Rank by Cap | 4 |
Key Figures in '000 RO
| 2004 | 2003 | 2002 | |
| Total Assets | 717,823 | 651,341 | 642,937 |
| Shareholder's Equity | 104,432 | 104,288 | 103,349 |
| NIAT | 14,085 | 14,051 | 18,513 |
| Dividends | 13,208 | 15,724 | 31,448 |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | 10.21% | 1.31% | -4.38% |
| Earning Growth | 0.24% | -24.10% | 839.27% |
| ROaA | 2.06% | 2.17% | 2.82% |
| ROaE | 13.50% | 13.53% | 19.35% |
| No. Of Shares | 62,896,500 | 62,896,500 | 62,896,500 |
| EPS | 0.22 | 0.22 | 0.29 |
| EPS Growth | 0.24% | -24.10% | 839.27% |
| Payout Ratio | 93.775 | 111.908 | 169.871 |
Valuation Ratios
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| PE | |
| PB | |
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| Div Yield | |
| EV | |
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