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 PRELIMINARY UNAUDITED FINANCIAL RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2015

HSBC BANK OMAN S.A.O.G.

PRELIMINARY UNAUDITED FINANCIAL RESULTS

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 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 nine months ended 30 September 2015.

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

 Key highlights:

 

 

30 Sep 15

30 Sep 14

Change %

 

RO million

RO million

Total assets

2,289.9

2,225.9

2.9

Loans and advances to customers - net

1,288.8

1,138.5

13.2

Customer deposits

1,881.2

1,800.3

4.5

Total equity

306.6

308.6

(0.6)

Operating income

53.8

53.0

1.5

Loan impairment (charges) – net of recoveries

(2.9)

(2.6)

11.5

Operating expenses

(41.2)

(40.7)

1.2

Profit for the period

8.1

9.5

 (14.7)