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:
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31 March 15
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31 March14
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Change %
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|
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RO’million
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RO’million
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Total assets
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2,344.4
|
2,367.2
|
(1.0)
|
|
Loans and advances to customers - net
|
1,226.0
|
1,017.1
|
20.5
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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)
|
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Profit for the period
|
3.8
|
3.1
|
22.6
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