Ah­libank’s H1 net profit de­clines 13%

Muscat Daily - - BUSINESS -

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.

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