Mubasher: Bank Nizwa registered OMR 187,000 profits ($484,010) in the third quarter of 2016 against OMR 1.24 million losses ($3.21 million) for the year ago period, according to a bourse statement on Sunday.

Over the first nine months, losses shrank 87.8% year-on-year to OMR 540,000 from OMR 4.44 million, the bourse filing indicated.

Total revenues declined to OMR 28.06 million in the first nine months, down 0.18% from OMR 28,11 million for the year-ago period.