Bank Nizwa posts OR4.8m in Q4 loss
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Bank Nizwa posts OR4.8m in Q4 loss

Bank Nizwa posts OR4.8m in Q4 loss

Omani lender Bank Nizwa, which officially launched operations on January 10, 2013, has posted a net loss of OR4.812m for the fourth quarter of last year, Oman Daily Observer has reported. Total assets as of end 2012 reached OR148.366m, while customer deposits amounted to OR363,000, the bank said. The bank said it was announcing its initial results for the quarter as its soft opening took place on December 23, 2012, during the period under review.

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