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BankMuscat, Q1 $35m profit
- Oman: Wednesday, April 19 - 2006 at 14:58
BankMuscat, Oman's largest bank, has posted a $35m Q1 profit, up 28% on the same period last year. Operating expenses increased by 22% in Q1 2006 as compared to the first quarter of 2005 mainly due to increase in manpower costs. Loans and advances grew by 22% to $3.8bn. Customer deposits increased by 25% to $3.7bn.
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Peter J. CooperWednesday, April 19 - 2006 at 14:58 UAE local time (GMT+4)
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