Oman’s NBO posts 20% rise in annual profit

Mubasher: The National Bank of Oman reported on Tuesday 20% year-on-year rise in its annual profit for 2015, reaching OMR 60.11 million, up from OMR 50.27 million a year earlier.

Net operating income rose by 20% y/y to OMR 135.72 million, against 113.23 million in 2014.

The bank earlier posted a net profit of OMR 43 million in the first nine months of 2015, compared to OMR 37.1 million in the same period of 2014, with a growth of 16%. 

Mubasher Contribution Time: 12-Jan-2016 07:05 (GMT)