Oman’s Alizz Islamic Bank has posted a net loss of OR2.6m for the quarter ended June 30, which the bank said “is in line with its strategic plan,” Muscat Daily has reported. During the period, financing portfolio reached OR27m, compared with OR20m in the previous quarter. Total assets increased to OR101.62m from OR100.53m at the end of the corresponding period in 2013. The bank had posted a net loss of OR1.47m in the first quarter.
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