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National Bank of Oman Q1 profit rises 20 pct
April 20, 2014 / 4:06 AM / 3 years ago

National Bank of Oman Q1 profit rises 20 pct

DUBAI, April 20 (Reuters) - National Bank of Oman reported a 20 percent rise in first-quarter net profit on Sunday, slightly above analyst estimates.

The bank made a profit of 10.3 million rials ($26.75 million) in the first three months of 2014, up from 8.6 million rials in the year-earlier period, according to a statement to Oman’s bourse.

Analysts polled by Reuters on average forecast the bank would make a quarterly profit of 9.88 million rials. ($1 = 0.3850 Omani Rials) (Reporting by Matt Smith, editing by Mirna Sleiman)

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