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HSBC Oman reports 38.7% drop in H1 net income

: Wednesday, July 23 - 2014 @ 06:01

HSBC Bank Oman has reported a 38.7% drop in its net profit for the first half of 2014 to OR5.7m, Muscat Daily has reported. Net operating income before loan impairment charges increased by 2.7% to OR34.1m, compared with OR33.2m for the same period in 2013. Net interest income was flat at OR23.1m, while total other operating income increased by 8.9% to OR11.0m, against OR10.1m for the same period a year ago, the bank said.

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Wednesday, July 23- 2014 @ 6:01 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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