In its statement to the Muscat Securities Exchange (MSM), Oman’s Ahli Bank reported its unaudited financial statements for the first half of 2014, which show an increase in net profit by five percent to OMR 13.1 million compared to OMR 12.5 million during the same period in 2013.

Customer deposits grew by eight percent in line with the Bank’s strategy to create a stable, low-cost deposit base, the statement added.

Moreover, loans grew by more than 20% owing to the Bank’s good judgement in terms of risk management.