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Bank Muscat's profit up 39% in Q1
- Oman: Thursday, April 24 - 2008 at 13:37
Bank Muscat, Oman's largest bank, has announced that first-quarter profit rose 39% due to increased earnings from lending, reported Bloomberg. Net income increased to 26.5 million rials ($68.8m) from 19 million rials a year earlier. Meanwhile, net interest income rose 31% to 37 million riyals, while operating revenue climbed to 55 million riyals, or 45% higher than a year earlier.
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Jeff Florian, Senior ReporterThursday, April 24 - 2008 at 13:37 UAE local time (GMT+4)
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