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 PRELIMINARY UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2015

HSBC BANK OMAN S.A.O.G.

PRELIMINARY UNAUDITED FINANCIAL RESULTS

FOR THE SIX MONTHS ENDED 30 JUNE 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 financial results for the six months ended 30 June 2015.

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

Key highlights:

 

30 June 15

30 June 14

Change %

 

RO millions

RO millions

Total assets

2,350.8

2,380.0

(1.2)

Loans and advances to customers - net

1,314.7

1,136.6

15.7

Customer deposits

1,945.2

1,960.1

(0.8)

Total equity

303.9

303.9

-

Operating income

36.1

34.1

5.9

Loan impairment (charges) – net of recoveries

(2.2)

(1.2)

83.3

Operating expenses

(27.7)

(26.5)

4.5

Profit for the period

5.2

5.7

(8.8)