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 PRELIMINARY UNAUDITED INITIAL FINANCIAL RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2014

In compliance with the rules and guidelines on Disclosure by Issuers of Securities and Insider Trading issued by the Capital Market Authority, HSBC Bank Oman S.A.O.G. (‘HBON’) announces its preliminary unaudited initial financial results for the nine months ended 30 September 2014.

 

These preliminary unaudited initial financial results have not yet been presented to the Bank’s Board of Directors for its approval. 

Key highlights:

 

 

30-Sep-14

30-Sep-13

Change (%)

 

RO’million

RO’million

Total assets 

2,225.9

2,352.8

-5.4%

Loans and advances to customers - net

1,138.5

1,016.2

12.0%

Customer deposits

1,800.3

1,927.8

-6.6%

Total equity 

308.6

307.5

0.4%

Operating income   

53.0

51.9

2.1%

Loan impairment (charges) - net of recoveries

(2.6)

3.8

-168.4%

Operating expenses  

(40.7)

(40.5)

-0.5%

Profit for the period     

9.5

12.7

-25.2%