Monday 17, March 2014 by Robin AmlĂ´t

NBK Capital MENA updates recommendation on National Bank of Oman

Fair value raised on account of positive surprises in 2013, but concerns remain. NBK Capital MENA said, “We have increased our fair value for National Bank of Oman (NBO) by 31 per cent to OMR 0.34 per share on the back of higher-than-expected growth in loans and lower-than-anticipated pressure on the NIM in 2013. Our new fair value implies four per cent upside to the latest closing price; hence our recommendation on the stock is 'Hold'.