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
|