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BankMuscat sees 20% profit increase

Oman's BankMuscat has posted a 20% increase in net profit for the six-month period ended June 30, 2012, to OR68.4m, compared with OR57.2m reported during the same period in 2011, Muscat Daily has reported. Net interest income rose 2.8% to OR108.9m from OR105.9m a year ago. Impairment for credit losses for the six-month period in 2012 dropped slightly from OR25.7m in 2011 to OR25m.