Bank Sohar’s net up 49.6pc


Sohar Bank - BKSB
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10/07/2012 18:21 AST  Oman Daily Observer
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Bank Sohar posted a net profit after tax of RO 10.361 million for the first half of this year, which represents a 49.6 per cent jump over earnings of RO 6.928 million during the corresponding period of 2011.

Announcing its initial unaudited results for the six months ended June 30, 2012, Bank Sohar reported a 39 per cent growth in total assets, which soared to RO 1.710 billion this year, from RO 1.230 billion during the same period last year.

Gross loans and advances climbed 12.3 per cent to RO 1.124 billion this year, from RO 1.001 billion last year. Deposits from customers increased 32.5 per cent to RO 1.309 billion this year, from RO 988.197 million during the first half of last year. The unaudited results are subject to the approval of Bank Sohar’s Board of Directors.

Profile: Sohar Bank (BKSB)
Sohar Bank - BKSB
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