Mubasher: Bank Muscat reported a 7.5% profit rise to OMR 175.45 million ($454.23 million) in the fiscal year ended 31 December 2015, compared to OMR 163.23 million ($422.59 million) in the fiscal year 2014, according to a bourse filing on Thursday.
Net interest income from conventional banking and income from Islamic financing increased 6.9% to OMR 260.51 million during the period from OMR 243.64 million.
Operating expenses reached OMR 171.06 million in FY15, a rise of 8.3% from OMR 157.89 in FY14.
Customer deposits, including CDs from the conventional operations, grew 6.2% to OMR 6.74 billion from OMR 6.35 billion.
