Mubasher: The unaudited financial statements of the National Bank of Oman (NBO) showed a 20.7% decline in profits for the second quarter of 2017, compared to the year-ago period.
The bank’s profits amounted to OMR 12.3 million ($31.83 million) in Q2-17, compared to OMR 15.5 million ($40.11 million) in Q2-16, according to a bourse filing.
The MSM-listed bank's profits fell 11.2% reaching OMR 26.1 million in H1-17, compared to OMR 29.4 million in the same period in the year before.
The net interest income and income from Islamic finance levelled down 6.2% to reach OMR 46.9 million in H1-17, compared to OMR 50 million in H1-16.
Year-on-year, operating profits went down 3.1% to OMR 65.7 million in the first six months of 2017, from OMR 67.8 million.
