National Bank of Oman ( NBO ) has achieved a net profit after tax of RO 30.47 million for the nine months ended September 30, 2012 compared to RO 27.26 million for the same period in 2011, entailing an increase of 12 per cent. Announcing its unaudited results, NBO also reported a 20 per cent jump in total assets, which swelled to RO 2.519 billion this year, from Ro 2.098 billion a year earlier. Loans & Advances to Customers climbed 18 per cent to RO 1.881 billion this year, from RO 1.587 billion last year.
Customer deposits also soared 23 per cent to RO 1.909 billion from RO 1.547 billion last year.
Net interest income was 12 per cent higher at RO 49.97 million this year, from RO 44.62 million this year.
Operating income rose 6 per cent to RO 73.86 million this year, from RO 69.71 million last year. Operating expenditure increased 8 per cent to RO 34.24 million this year, from RO 31.81 million last year. Operating profit rose 5 per cent to RO 39.61 million this year, from RO 37.91 million last year.
Oman Daily Observer
