Bank Muscat, the leading financial institution in Oman, said its net profit for the first nine months of this year soared by 20 per cent to RO104.19 million from RO87.13 million posted for the same period of 2011.
The bank said its net interest income grew by 5.2 per cent at RO168.28 million from RO159.91 million. Excluding a one-off positive impact in the net interest income in the nine-month period in 2011, the same would have increased by 9.3 per cent.
bank muscat's non-interest income at RO67.43 million was higher by about 11 per cent compared to RO60.77 million for the nine months ended September 30, 2011, the bank said in a press statement.
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