Mubasher: Bank Dhofar’s profits declined 7.7% in the first three months of 2017 to OMR 12.51 million ($32.38 million), compared to OMR 13.56 million ($35.10 million) in the same period in 2016.
Customers’ deposits increased 11.4% to reach OMR 3.13 billion compared to OMR 2.81 billion, according to a bourse filing.
Operating income declined 13.9% to OMR 17.33 million in Q1-17, compared to OMR 20.12 million in Q1-16.
Bank Dhofar’s annual profits registered an increase of 1.8%, reaching OMR 47.62 million in 2016, compared to OMR 46.76 million in 2015.
