HSBC Bank Oman, formed earlier this year by a merger of HSBC's Oman unit and Oman International Bank, posted a 4.2-percent fall in net profit for the first nine months of 2012 as higher impairments impacted earnings growth.
The lender, now Oman's second-largest by market capitalisation, made a nine-month net profit of 10.57 million rials ($27.45 million), compared with 11.03 million rials in the same period of 2011, a bourse statement said on Wednesday.
Third-quarter net profit stood at 3.4 million rials, according to Reuters calculations based on the bank's half-year financial statements.
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