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National Bank of Oman’s profit up 25%

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National Bank of Oman, the sultanate’s second-largest lender by assets, posted a 25 per cent rise in second-quarter net profit, beating analysts’ expectations.

  • Updated: Sat 4 Apr 2015, 3:13 AM

The lender made a net profit of RO12.7 million ($33 million) in the three months to June 30, according to Reuters calculations based on financial statements, up from RO10.2 million in the corresponding period of last year. Five analysts polled by Reuters had estimated an average second-quarter profit of RO10.3 million.

Compiled from Reuters


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