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Islamic Finance Briefing - Categorized | Banking, Performance more

Bank Sohar Q1 net profit up 14.1 pct

Posted on 22 April 2013

Bank Sohar’s total assets grew from OMR 1,559.28 million in 2012 to OMR 1,789.62 million, a growth of 14.8 per cent, according to a media statement.
Net Loans and advances grew by 9.4 per cent to OMR 1,155.56mn in comparison to OMR 1,055.8 million in 2012. A similar rise was seen in the bank’s deposits which stood at OMR 1,310.48 million by the end of March 2013, a growth of 10.03 per cent over last year. The total shareholder equity increased to OMR 157.23 million an increase of 23.6 per cent over last year. This figure also includes the rights issue of 10 million raised during the quarter for the Islamic Banking Window………………………………………..Full Article: Source

 
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