National Bank of Oman Q3 net profit falls 15.2 per cent

October 13, 2016 5:43 pm

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.


By Reuters
A division of Thomson Reuters, Reuters is an international news agency headquartered in London, England, and provides up-to-the-minute news and views on global and regional events.