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Oman's NBO reports 11% decline in quarterly income
- Oman: Thursday, April 18 - 2013 at 02:50
The National Bank of Oman (NBO) posted an 11% decline in its first-quarter net profit to OR8.59m, compared with OR9.62m recorded in the same quarter of 2012, Times of Oman has reported. Operating profit fell 7% to OR12.82m, while net interest income grew by 8% to OR17.4m from OR16.18m, NBO said. Total assets during the quarter jumped 15% to OR27bn from OR2.37bn, the lender added.
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