Bank Muscat, Oman's largest lender, announced that it posted a 59% jump in net profit to OMR 39.76 million in the three months ending March 31 compared with OMR 24.99 million in the same period of 2013.
Bank Muscat's earnings in the first quarter of this year were boosted by a 24% rise in non-interest income to OMR 24.33 million.
Net interest income gained 4.8% year-on-year to OMR 59.15 million compared with OMR 56.42 million a year earlier.