NBO posts 19% rise in net profit
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NBO posts 19% rise in net profit

NBO posts 19% rise in net profit

National Bank of Oman (NBO) has said its full-year net profit for 2012 rose 19% on the back of good growth in assets and low-cost deposits, Muscat Daily has reported. Net income climbed to OR40.7m last year from OR34.2m in 2011, the bank said. Total assets increased 14% to OR2.54bn, compared with OR2.23bn a year ago. Operating expenses increased by 7% to OR46.7m in 2012, the lender said.

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