National Bank of Oman Q3 net profit falls 15.2 per cent
National Bank of Oman (NBO), the sultanate’s third-largest lender by assets, posted on Thursday a 15.2 percent fall in third-quarter net profit according to Reuters calculations, missing analysts’ expectations.
The lender made a net profit of 12.70 million rials ($33.0 million) in the three months to Sept. 30, Reuters calculated based on previous financial statements in lieu of a quarterly breakdown.
This was down from 14.97 million rials in the same period last year.
Three analysts polled by Reuters forecast an average quarterly net profit of 15.02 million rials.