Bank Nizwa posts RO1.3mn net profit

Muscat Daily - - BUSINESS -

Bank Nizwa posted a net profit of RO1.3mn for the six months pe­riod ended June 30, 2017 against a net loss of RO727,000 in the same pe­riod of the pre­vi­ous year. The bank’s op­er­at­ing in­come rose 36 per cent to RO10.72mn in the first half of this year com­pared with RO7.87mn in the same pe­riod of 2016.

Bank Nizwa’s fi­nanc­ing to cus­tomers surged by 39 per cent to RO485.38mn as of June 30, 2017 from RO350.25mn a year ago. Cus­tomers de­posits jumped by 76 per cent to RO441.8mn from RO251.2mn a year ago.

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