Ahlibank net proft at 19.8 m rials

16/10/2017 11:32 AST

Ahli Bank has clocked a net profit of 19.8 million rials at the end of nine months this year as against 21 million rials in 2016.

Net loans and advances of the lender went up by 6.2 per cent to 1.65 billion rials for the nine months ended September 2017 from 1.56 billion rials in the corresponding period last year.

Deposits of the bank registered a 17.3 per cent incrase to reach 1.45 billion rials during the period from 1.24 billion rials in the same period last year, the bank said in its filing on Muscat Securities Market.

The bank equity also went up by 5.7 per cent to 248.1 million rials, the bank said in the filing.

Operating income of the lender was marginally up to 40 million rials for the September quarter from 39.4 million rials and operating expenses stood at 14.2 million rials, up from 14.3 million rials in the corresponding period last year, the bank said.


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