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.

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