Monday 18 April 2011

UPDATE 1-National Bank of Oman Q1 up 16.7 pct, beats estimates | Reuters

First quarter net profit at National Bank of Oman NBO.OM, the sultanate's second-largest lender by assets, jumped 16.7 percent, beating analysts average expectations.

The bank made a quarterly net profit of 7.7 million rials ($20 million), compared with 6.6 million rials in the same period last year, it said in a statement to bourse on Monday.

Analysts polled by Reuters had estimated an average first quarter profit of 6.86 million rials.

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