Monday 17, July 2017 by Georgina Enzer

Oman’s Ahli Bank reports H1 profits down 12.7 per cent

Ahli Bank of Oman showed H1 profits of OMR 12.4 million, down 12.7 per cent on year-ago levels.

Operating expenses held unchanged at OMR 9.3 million but operating income was down 1.1 per cent at OMR 25.8 million.

The bank reports loans, advances and financing up 4.5 per cent to OMR 1,617.8 million. A similar increase in percentage terms was shown by total assets, which reached OMR 1.939.7 million while customers’ deposits were up 11.7 per cent to OMR 1,377.4 million.

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