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Omani market unimpressed by National Bank of Oman's profit rise
- Oman: Tuesday, January 22 - 2013 at 15:58
The MSM 30-Index in Muscat closed 0.13% higher at 5,837.16 points Tuesday. National Bank of Oman or NBO ended flat at OR0.30. On Monday, the lender said its full-year net profit for 2012 rose 19% on the back of good growth in assets and low-cost deposits, Muscat Daily has reported. Net income climbed to OR40.7m last year from OR34.2m in 2011, the bank said. Total assets increased 14% to OR2.54bn, compared with OR2.23bn a year ago. Operating expenses increased by 7% to OR46.7m in 2012, the lender said.
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Gérard Al-Fil, Financial JournalistTuesday, January 22 - 2013 at 15:58 UAE local time (GMT+4)
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