.
.
.
.

National Bank of Oman Q1 profit up 20%

The bank made a profit of $26.75 million in the first three months of 2014

Published: Updated:

National Bank of Oman reported a 20 percent rise in first-quarter net profit on Sunday, slightly above analyst estimates.

The bank made a profit of 10.3 million rials ($26.75 million) in the first three months of 2014, up from 8.6 million rials in the year-earlier period, according to a statement to Oman’s bourse.

Analysts polled by Reuters on average forecast the bank would make a quarterly profit of 9.88 million rials.