Bank Muscat, Oman’s largest lender, posted a 1.3 per cent increase in fourth-quarter net profit on Sunday, according to Reuters calculations, in line with analysts’ estimates.
The bank made a profit of 39.7 million Omani rials in the three-month period ending December 31, up from 39.2m rials a year earlier.
Bank Muscat didn’t disclose a quarterly breakdown of its earnings so Reuters calculated the figure based on previous financial statements.
Three analysts polled by Reuters forecast the bank would make a quarterly net profit of 41.7m rials.
For the full-year, the bank made a net profit of 176.6m rials, up 0.6 per cent from the same period in 2015, it said in a statement to the Muscat bourse.
* Reuters
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