Financial statements for Bank Sohar for the fiscal year (FY) ending December 31, 2014, revealed a rise in net profit after taxes by 11.2% to OMR 29.878  million ($77.6 million) against OMR 26.871 million during the same period of 2013.


The Bank’s operational revenues by the end of the year grew to OMR 70.3 million against OMR 59.2 million.


It is worth noting that Bank Sohar had reported a net profit plunge by 31.4% during the first nine months of the year, ending September 30, 2014 to OMR 23.897 million.

 

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