Bank Muscat posts net profit of RO 113.21 million for the nine months ended 30th September 2020

SourceBusiness Live ME
SectorFinancial Services
CountryOman

Bank Muscat posts net profit of RO 113.21 million for the nine months ended 30th September 2020 Bank Muscat, the leading financial institution in the Sultanate, announced its preliminary unaudited results for the nine months ended 30 September 2020. The bank posted a net profit of RO 113.21 million for the period compared to RO 141.43 million reported during the same period in 2019, a decrease of 20.0 per cent. The key highlights of the results for the period are as follows: Net Interest Income from Conventional Banking and Net Income from Islamic Financing stood at RO 240.07 million for the nine months period ended 30 September 2020 compared to RO 237.97 million for the same period in 2019, an increase of 0.9 per cent. Non-interest income was RO 96.72 million for the nine ...read more...