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Preliminary Unaudited Financial Results Ended 31 March 2017
Apr 13, 2017 - 04:01PM 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 March 2017.

 

                            (Amounts in OMR 000’s)

 

31 March   2017

31   March 2016

%   Growth

Total   Assets

     562,469

383,259

47%

Financing   to Customers

452,910

       317,771

43%

Customer   Deposits

396,715

       217,606

82%

Total   Shareholders’ Equity

     127,760

       126,166

1.3%

Operating   Income

5,306

            3,862

37%

Operating   Expense

     (4,004)

(3,829)

(5%)

Operating   profit  before provision and tax

         1,302

                 33

3,845%

Profit /   (Loss) after provisions, before tax

             633

             (466)

236%

Net Profit   / (Loss) after tax

             593

             (466)

227%

 

Please note that the above results are:

  1. Un-audited
  2. Subject to Board of      Directors approval.