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BankMuscat posts profit figures

  • Oman: Sunday, October 18 - 2009 at 10:33

Oman's BankMuscat has reported a net profit of OR80.4m for the first nine months of 2009, compared to OR90.1m in the corresponding period of last year. Net interest income had increased by 10% to OR126.8m from OR115.2m reported during the same period in 2008. Impairment for credit losses for the 9-month period in 2009 has increased by OR50.1m to OR68.7m compared to OR18.6m for the first nine months of 2008. This includes provisions for Saudi branch exposures and necessary collective provisions.

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