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 INITIAL UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

HSBC Bank Oman S.A.O.G. (‘HBON’) announces its initial unaudited financial results for the six months ended 30 June 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:

 

 

30 June 17

30 June 16

Change %

 

RO’million

RO’million

Total assets

2,371.1

2,238.7

 5.9

Loans and advances to customers - net

1,331.1

1,399.1

 (4.9)

Customer deposits

1,958.8

1,834.3

 6.8

Total equity

312.1

304.3

 2.6

Operating income

35.8

37.4

 (4.3)

Loan impairment (charges) – net of recoveries

(1.3)

(3.4)

 61.8

Operating expenses

(24.6)

(24.8)

 0.8

Profit for the period

8.2

7.9

 3.8