Omani lenders report higher full-year profit as operating income climbs - The National

Omani lenders report higher full-year profit as operating income climbs  - The National:

Bank Muscat, one of Oman's top lenders by assets, on Tuesday reported a marginal increase in full-year net profit as income from conventional and Islamic finance rose and impairment charges for bad loans fell.

Net income for 12-months ending December climbed to 179.63 million rials (Dh1.72 billion), a 1.6 per cent year-on-year rise, the lender said in a statement to the Oman bourse, where its shares are traded. Net interest income from conventional and Islamic financing climbed to 304.3m rials at the end of last year, an 8.2 per cent increase, it added.