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NBO reports 22% jump in H1 net income

: Thursday, July 17 - 2014 @ 00:46

National Bank of Oman (NBO) has said its net profit for the second quarter grew 25% to OR12.7m ($33m), compared with OR10.2m in the corresponding period of last year, Reuters has reported. The sultanate’s second-largest lender by assets also reported a net profit for the first six months of 2014 of OR23m, up from OR18.8m in the same period of last year. Loans and advances climbed 7% year-on-year to OR2.22bn at the end of June, with customer deposits rising 34% over the same timeframe to OR2.79bn.

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Thursday, July 17- 2014 @ 0:46 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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