Category: Banking & Finance

Banking & Finance
BM Head Office
Bank Muscat net profit touches RO 136. 2 million, board approves Q3 results

Bank Muscat, the flagship financial institution in the Sultanate, on Wednesday (28 October 2015) announced the Q3 financial results, approved by the board of directors. The bank posted a net profit of RO 136.2 million for the 9-month period ending 30 September 2015 compared to RO 126.7 million reported during the same period in 2014, an increase of 7.5 per cent.

Banking & Finance
pic 1
NBO announces 17 winners of special Al Kanz draw

National Bank of Oman announced the lucky winners of OMR85,000 cash prize at a special Al Kanz draw ceremony to mark the Omani Women’s Day. At an exclusive ceremony held in the presence of Sayyida Rawan bin Ahmed Al Said, Director at National bank of Oman, the bank’s 17 female customers were named the winners with each receiving OMR5,000 cash prize.

Banking & Finance
BankDhofar receives award at OER Finance Summit

In further recognition of its excellence and pioneering of nationwide business initiatives, BankDhofar has been awarded the “OER Top 20 Oman’s Largest Corporates” at the annual ‘OER Finance Summit & Top 20 Awards’ that was organised by United Media Services (UMS).

Banking & Finance
Assets of commercial banks increase by 14.7%

Total assets of conventional commercial banks increased by 14.7 per cent to OMR27.9 billion in August, compared to OMR24.3 billion a year ago, said the Central Bank of Oman (CBO). Of the total assets, credit disbursement accounted for 46.6 per cent and increased by 10.6 per cent as at the end of August 2015 to OMR18 billion.