April 21, 2014 / 5:22 AM / 3 years ago

Oman's Bank Sohar Q1 net jumps 31 pct

DUBAI, April 21 (Reuters) - Oman’s Bank Sohar, in talks to merge with larger rival Bank Dhofar, reported on Monday a 31 percent year-on-year jump in net profit for the first quarter of this year to 7.96 million rials ($20.7 million).

Net loans and advances climbed 17 percent to 1.31 billion rials, while customers’ deposits increased 8 percent to 1.41 billion rials. (Reporting by Andrew Torchia; Editing by Olzhas Auyezov)

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