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Bank Muscat reports growth in H1 net profit

: Saturday, July 19 - 2014 @ 03:56

Omani lender, Bank Muscat has said its net income for the six months ended on June 30 rose to OR86.35m from OR63.1m reported during the same period in 2013, Times of Oman has reported. Net interest income from conventional banking and income from Islamic financing during the period grew 5.6% to OR120.41m, compared with OR114m for the same period of 2013, the bank said. Customer deposits, including CDs, increased by 10.6% to OR6.3bn, compared with OR5.7bn as at June 30, 2013, it said.

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Saturday, July 19- 2014 @ 3:56 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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