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Bank Muscat profits fall 14% in Q2

Bank Muscat profits fall 14% in Q2
Bank Muscat's operational profits declined 6% to OMR 117.24 million in H1-17
Bank Muscat
BKMB
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Mubasher: Bank Muscat said its profits declined 14.2% year-on-year in the second quarter of 2017, according to a statement.

Profits reached OMR 40.08 million ($103.72 million) in Q2-17, compared to OMR 46.72 million ($120.91 million) in Q2-16.

In the first half of 2017, profits fell 6.8% to OMR 84.31 million compared to OMR 90.47 million in the prior-year period.

Operating profits declined 6% to OMR 117.24 million in H1-17, compared to OMR 124.7 million in H1-16.