FINANCIAL NEWS

Oman-BankDhofar to increase capital to OMR500mn

30 Mar 2017

(MENAFN) BankDohfar’s shareholders have confirmed an offer to raise its capital to OMR500mn from OMR220mn and it also approved a proposed cash dividend of 13.5 percent.

Moreover, the net profit for last year achieved by the bank was OMR47.62mn as against OMR46.77mn in 2015, showing an increase of 1.82 percent year on year.

In addition, the key profitability indicators showed positive increase with net interest and financing revenue achieving growth of 8.26 percent to OMR97.66mn in 2016.

Non-interest and non-financing income, like fees and commission, foreign exchange profit, investment and other income have increased by 18.67 percent to hit OMR29.69mn in 2016.

MENAFN3003201700450000ID1095354778

MENAFN3003201700450000ID1095354778

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