HSBC Bank Oman Q3 net profit rises 9%

HSBC Bank Oman, Oman’s fourth-largest lender by assets and an affiliate of HSBC Holdings, reported a nine per cent rise in third-quarter net profit on Wednesday.

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Published: Thu 16 Oct 2014, 11:48 PM

Last updated: Sat 4 Apr 2015, 3:22 AM

The lender made a net profit of OR3.8 million ($9.87 million) in the three months to September 30, compared with OR3.5 million in the same period of 2013, according to Reuters calculations based on financial statements.

Gulf Baader Capital Markets forecast the bank would make a net profit for the period of OR2.65 million. Net profit for the first nine months of 2014 fell 25 per cent to OR9.5 million, a bourse filing said on Wednesday.

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