NBOB
National Bank of Oman (NBO) announces its preliminary unaudited results for the year ended 31 December 2015.
The financial results are subject to the approval of External Auditors, Board of Directors, Central Bank of Oman and the shareholders of the Bank.
The Bank achieved a net profit after tax of RO 60.1 million for the year ended 31 December 2015 compared to RO 50.3 million for 2014, an increase of 20%.
Key Financial Highlights
| Performance – Dec 2015 Vs Dec 2014 |
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| All amounts in RO millions |
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Dec-15 |
Dec-14 |
Variance % |
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| Total Assets |
3,263.44 |
2,976.09 |
10% |
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| Loans, advances and financing activities for customers (net) |
2,534.10 |
2,316.81 |
9% |
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| Customers’ deposits and unrestricted investment accounts |
2,249.83 |
2,177.74 |
3% |
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| Shareholders' Equity |
399.16 |
361.53 |
10% |
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| Net Interest Income and net Income from Islamic Financing |
94.74 |
81.46 |
16% |
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| Other operating Income |
40.98 |
31.77 |
29% |
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| Total net operating Income |
135.72 |
113.23 |
20% |
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| Operating Expense |
60.01 |
54.42 |
10% |
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| Operating Profit |
75.71 |
58.81 |
29% |
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| Net Profit after Tax |
60.11 |
50.27 |
20% |
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