Ahlibank’s H1 net profit declines 13%

Ahlibank reported a 12.7 per cent decline in its net profit for the six months period ended June 30, 2017. The bank’s net profit decreased to RO12.4mn for the first half of 2017 compared with RO14.2mn in the same period of last year.

Its net loans, advances and financing grew by 4.5 per cent to RO1.61bn from RO1.54bn a year ago, while customers’ deposits rose 11.7 per cent to RO1.37bn from RO1.23bn.

Ahlibank’s operating income decreased by 1.1 per cent to RO25.8mn in the first half of 2017 compared with RO26.1mn in the same period of 2016.