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Preliminary Unaudited Financial Results Ended 31 December 2016
Jan 15, 2017 - 03:18PM Company : BANK NIZWA

In compliance with the rules and guidelines on Disclosure issued by the Capital Market Authority vide their administrative decision No. 5/2014 dated 29th May 2014, Bank Nizwa wishes to announce its       un-audited financial results ended 31 December 2016.

 

                            (Amounts in OMR 000’s)

 

31 December 2016

31 December 2015

% Growth

Total Assets

     515,995

       346,094

49%

Financing to Customers

     403,159

       272,916

48%

Customer Deposits

     351,279

       188,641

86%

Total Shareholders’ Equity

     127,061

126,674

0.31%

Operating Income

       17,379

         11,913

46%

Operating Expense

     (15,854)

        (15,376)

(3%)

Operating profit / (loss) before provision and tax

         1,525

          (3,463)

144%

Profit (Loss) after provisions, before tax

             110

(5,468)

102%

Net Profit (Loss) after tax

             110

          (5,260)

102%

 

Please note that the above results are:

  1. Un-audited
  2. Subject to Board of Directors approval.
  3. Subject to Central bank of Oman approval