Home Industry Finance National Bank Of Oman Q1 Profit Rises 23%, Meets Estimates The lender made a net profit of OMR12.6 million in the three months to March 31. by Reuters April 15, 2015 National Bank of Oman, the sultanate’s third-largest lender by assets, posted a 23 per cent rise in first-quarter net profit, in line with analysts’ expectations. The lender made a net profit of OMR12.6 million ($32.73 million) in the three months to March 31, it said in a bourse statement, up from OMR10.3 million in the same period last year. Three analysts polled by Reuters on average forecast the bank’s first-quarter profit would be OMR12.70 million. National Bank of Oman’s loans and advances stood at OMR2.39 billion at the end of March, 14 per cent higher year-on-year, while customer deposits fell 14 per cent over the same period to OMR2.44 billion. 0 Comments
