Bank Dhofar clocks 34.79m-rial earnings

16/10/2017 09:00 AST

Bank Dhofar reported a net profit of 34.79 million rials for the nine months ended September 30 as against 36.87 million rials in the same period in 2016.

In a filing on the Muscat Securities Market, the bank said that assets grew by 4.69 per cent to 4.07 billion rials. Net loans and advances were up by 8.57 per cent to 3.18 billion rials from 2.92 billion rials. Deposits gew by 11.14 per cent to 3.1 billion rials from 2.79 billion rials.

The total equity of the bank went up by 10.4 per cent to 538.39 million rials. This includes the $300-million perpetual bonds issued in May 2015 and being traded on the Irish Stock Exchange.

Operating income fell to 94.11 million rials from 97.05 million rials and operating expenses were up by 5.84 per cent to 50.06 million rials from 55.42 million rials.


Oman Tribune

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