Bank Sohar posts net profit of OMR 28m for 2015

Mubasher: Bank Sohar reported on Wednesday a net profit of OMR 28.01 million in 2015, dipping 0.21% year-on-year compared to OMR 29.88 million in 2014.

Total revenues rose by 0.6% to OMR 70.91 million last year, versus OMR 70.32 million in 2014, according to the Omani bank’s financial statements.

Meanwhile, total customer deposits declined by 5.6% to OMR 1.465 billion, versus OMR 1.552 billion.

Total assets increased by 6.25% to OMR 2.21 billion from OMR 2.08 billion.

 

Mubasher Contribution Time: 14-Jan-2016 05:44 (GMT)