Ahlibank net proft at 19.8 m rials

16/10/2017 11:32 AST

Ahli Bank has clocked a net profit of 19.8 million rials at the end of nine months this year as against 21 million rials in 2016.

Net loans and advances of the lender went up by 6.2 per cent to 1.65 billion rials for the nine months ended September 2017 from 1.56 billion rials in the corresponding period last year.

Deposits of the bank registered a 17.3 per cent incrase to reach 1.45 billion rials during the period from 1.24 billion rials in the same period last year, the bank said in its filing on Muscat Securities Market.

The bank equity also went up by 5.7 per cent to 248.1 million rials, the bank said in the filing.

Operating income of the lender was marginally up to 40 million rials for the September quarter from 39.4 million rials and operating expenses stood at 14.2 million rials, up from 14.3 million rials in the corresponding period last year, the bank said.

Oman Tribune

News

Ahlibank accepts merger plan proposed by Sohar International

13/04/2025

Ahlibank's board of directors has accepted the merger proposal outlined in a letter of intent submitted by Sohar International Bank.

On Monday, Sohar International announced its intention to

Muscat Daily

Ahlibank posts 38.5pc rise in Q2 profit

30/07/2017

Ahlibank recently announced its financial results for the second quarter ending June 30, 2017. The results are based on the condensed interim financial statements, which have been reviewed by the ban

Oman Daily Observer

Ahlibank ranked 'No 1 in Oman' in mid-size banks category

07/05/2017

Ahlibank has been ranked the 'No 1 Bank in Oman' in the mid-size banks category in the recent 'OER-GBCM Best Bank's in Oman' survey 2017. The survey by Oman Economic Review (OER) - Gulf Baader Capita

Oman Daily Observer