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FINANCIAL NEWS
Bank Muscat records OMR44mn revenue in Q1
16 Apr 2017
(MENAFN) Bank Muscat recorded a net profit of OMR44.23mn for the first quarter of the recent year compared to OMR43.75mn posted in the same period of 2016.
Furthermore, net interest income from conventional banking reached OMR63.11mn for the cited period compared to OMR62.17mn for the same period of last year.
Additionally, operating expenses for the cited period was OMR44.52mn as compared to OMR43.44mn for the same period in 2016, an increase of 2.5 percent.
However, impairment for credit losses for the cited period was OMR18.34mn against OMR16.95mn for the same period of 2016.
MENAFN1604201700450000ID1095393486
MENAFN1604201700450000ID1095393486
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