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 PRELIMINARY UNAUDITED INITIAL FINANCIAL RESULTS FOR THE THREE MONTHS ENDED 31 MARCH 2015

HSBC BANK OMAN S.A.O.G.

PRELIMINARY UNAUDITED INITIAL FINANCIAL RESULTS FOR THE THREE MONTHS ENDED 31 MARCH 2015

 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 three months ended 31 March 2015. 

These preliminary unaudited initial financial results are due to be presented to the Bank’s Board of Directors for approval. 

 Key highlights: 

 

31 March 15

31 March14

Change %

 

RO’million

RO’million

Total assets

2,344.4

2,367.2

(1.0)

Loans and advances to customers - net

1,226.0

1,017.1

20.5

Customer deposits

1,945.4

1,948.1

(0.1)

Total equity

302.4

301.6

0.3

Operating income

18.6

16.1

15.5

Loan impairment (charges) – net of recoveries

(0.8)

(0.2)

(300.0)

Operating expenses

(13.3)

(12.3)

(8.1)

Profit for the period

3.8

3.1

22.6