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 HSBC BANK OMAN S.A.O.G. PRELIMINARY UNAUDITED FINANCIAL RESULTS FOR THE THREE MONTHS ENDED 31 MARCH 2016

HSBC Bank Oman S.A.O.G. (‘HBON’) announces its preliminary unaudited financial results for the three months ended 31 March 2016.  This is in compliance with the rules and guidelines on Disclosure by Issuers of Securities and Insider Trading issued by the Capital Market Authority. 

 The preliminary unaudited financial results are subject to approval by HBON's Board of Directors.

 Key highlights: 

 

31 March 16

31 March 15

Change %

 

RO million

RO million

Total assets

2,163.1

2,344.4

(7.7)

Loans and advances to customers - net

1,385.7

1,226.0

13.0

Customer deposits

1,782.1

1,945.4

(8.4)

Total equity

299.9

302.4

(0.8)

Operating income

18.5

18.6

(0.5)

Loan impairment (charges) – net of recoveries

(2.3)

(0.8)

(187.5)

Operating expenses

(12.2)

(13.3)

8.3

Profit for the period

3.5

3.8

(7.9)