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Bank Muscat reports 15.8% rise in Q3 profits

Oman's largest lender by market value, Bank Muscat has said its net profit rose 15.8% during the third quarter, Reuters has reported. Net income climbed to OR29.9m ($77.66m) for the three months to the end of September, compared with OR25.17m profit for the same period last year. The bank made a net profit of OR87.1m during the first nine months of this year, up from OR72.2m for the corresponding period last year.