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 INITIAL UNAUDITED FINANCIAL RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2017

HSBC Bank Oman S.A.O.G. (‘HBON’) announces its initial unaudited financial results for the nine months ended 30 September 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 Sep 17

30 Sep 16

Change %

 

RO’million

RO’million

Total assets

2,415.8

2,282.0

5.9

Loans and advances to customers - net

1,332.4

1,395.1

(4.5)

Customer deposits

2,003.4

1,888.6

6.1

Total equity

317.9

310.1

2.5

Operating income

55.3

56.3

(1.8)

Loan impairment (charges) – net of recoveries

(2.6)

(4.8)

45.8

Operating expenses

(36.3)

(35.8)

(1.4)

Profit for the period

13.7

13.5

1.5