National Bank of Oman said its net profit soared by 19 per cent to OMR40.7 million for 2012, from OMR34.2 million posted for the previous year. The financial results are subject to the approval of board of directors, Central Bank of Oman and the shareholders of the bank.
The bank's net interest income grew by 15 per cent to OMR67.2 million from OMR58.2 million, while operating profit was up 7 per cent at OMR46.7 million from OMR48.8 million.
NBO said its net loans and advances increased by 14 per cent to OMR1,911.6 million in 2012, from OMR1,670.8 million for the previous year.
Times of Oman | NBO profit soars 19%
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