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 INITIAL UNAUDITED FINANCIAL RESULTS FOR THE THREE MONTHS ENDED 31 MARCH 2017

HSBC Bank Oman S.A.O.G. (‘HBON’) announces its initial unaudited financial results for the three months ended 31 March 2017.  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 initial unaudited financial results are subject to approval by HBON's Board of Directors.

 

Key highlights:

 

 

31 March 17

31 March 16

Change %

 

RO’million

RO’million

Total assets

2,339.6

2,163.1

8.2

Loans and advances to customers - net

1,261.5

1,385.7

(9.0)

Customer deposits

1,941.4

1,782.1

8.9

Total equity

309.6

299.9

3.2

Operating income

17.8

18.5

(3.8)

Loan impairment (charges) – net of recoveries

1.2

(2.3)

152.2

Operating expenses

(12.2)

(12.2)

-

Profit for the period

5.7

3.5

62.9