MUSCAT, 14 April 2015 - Bank Muscat, the flagship financial institution in the Sultanate, posted a net profit of RO 43.30 million for the 3-month period ending 31 March 2015 compared to RO 39.76 million reported during the same period in 2014, an increase of 8.9 per cent.
The key highlights of the Q1 preliminary results are as follows:
1) Net interest income from conventional banking and income from Islamic financing stood at RO 61.56 million for the first three months of 2015 compared to RO 59.15 million for the same period of 2014, an increase of 4.1 per cent.
3 months ended Mar 2015
3 months ended Mar 2014
Q1 2015 versus Q4 2014
3 months ended Dec 2014
The full results of the three-month period ended 31 March 2015 along with complete set of financial statements, will be released after the approval of the Board of Directors of the bank at its meeting scheduled later during April 2015.