HSBC Oman reports 63% drop in 2012 profit
- Oman: Sunday, February 03 - 2013 at 02:03
HSBC Bank Oman has reported a 62.7% drop in 2012 net profit to OR5.8m from OR15.5m in the previous year, due to higher impairment charges and a rise in operating expenses to OR48.7m, Times of Oman has reported. The bank, however, posted a 60.2% jump in operating income and a 81.5% surge in net interest income. Customer deposits climbed 147.8% to OR1.85bn, compared with the same period in 2011, while loans and advances, net of provisions and interest reserves, rose to OR1.19bn from OR454mn in 2011, the bank said.
- OMRAN drives new tourism projects in Oman
- Batelco offers BlackBerry Q10 smartphone with...
- GCC countries to link traffic systems
- Omantel launches Samsung Galaxy S4 LTE smartphone
- QNET intends to expand its operations in region...
- HP Enterprise Services signs global agreement...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.