NBO unaudited results for the year ended December 2006 subject to CBO approval

National Bank of Oman S.A.O.G. announces the results of its operations for the year 2006.

Oman: Tuesday, January 23 - 2007 at 10:45
PRESS RELEASE

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The results are subject to final approval by Central Bank of Oman and by the Shareholders at the Annual General Meeting.

The bank has recorded a net profit of RO 30.4 million which surpasses the record net profit of RO 20.3 million reported for 2005 by 50%.

Growth in Total Assets during the year saw the bank crossing the RO 1 billion mark for the firs time in its 32 year history. This growth was linked to the growth in Deposits by RO 200 million (32%) and growth in Net advances by RO 162 million (30%).

The Bank announces a dividend payout to Shareholders as proposed by the Board of Directors of 17.5 % of capital as cash dividend and 15% of capital as stock dividend subject to receipt of regulatory and shareholders approval.

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This statement is submitted for information in accordance with established best practice and the disclosure requirements of the Capital Market Authority.

Detailed submission is being made in the MSM website

Posted by Janeta Novakovic, Assistant News Editor
Tuesday, January 23 - 2007 at 10:45 UAE local time (GMT+4)

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