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National Bank of Oman sees 13.2% profit rise

National Bank of Oman has reported a 13.2% increase in second-quarter net profit, edging slightly ahead of analysts' expectations, Reuters has reported. The sultanate's fourth-largest lender by market capitalisation made a net profit of OR10.3m ($26.8m) in the three months to June 30, up from OR9.1m in the same period of 2011. Analysts had estimated an average second quarter profit of OR10.1m. Total assets stood at OR2.49bn at the end of June, a 23.3% rise against OR2.02bn at the same point in 2011.