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14/01/2018 07:39 AST
Bank Nizwa has reported a phenomenal growth in net profit for 2017. The bank's net profit for 2017 surged ahead to OMR3.79 million, a growth of 3,343 per cent over the previous year's profit of OMR110,000.
The bank's finance to customers grew by 41 per cent to OMR567.83 million in 2017, up from OMR403.16 million, Bank Nizwa said in a disclosure statement posted on MSM website. Similarly, customer deposits shot up by 50 per cent to OMR525.85 million from OMR351.28 million.
Bank Nizwa said that its total assets showed a 35 per cent growth from OMR515.99 million in December 2016 to OMR696.63 million for the same period of 2017.
The un-audited results are subject to approval from the board and the Central Bank of Oman.
Times of Oman
15/03/2018
As lead partner, Bank Nizwa concluded an unprecedentedly robust level of participation in the third 'Islamic Finance News Forum', organised in partnership with the Islamic Finance News Magazine. Attr
Oman Daily Observer
08/02/2018
In collaboration with the Ministry of Manpower, Bank Nizwa hosted 70 Omani graduates at their headquarters to present them with career opportunities within the bank. Welcomed by Khalid bin Abdul Rahm
Oman Daily Observer
31/01/2018
Bank Nizwa signed a financing agreement with Duqm Development Company (DDC), a member of the Asyad Group (Asyad), to finance Phase 1 of the Duqm Frontier Town project. The project covers 23 hectares
Times of Oman
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12/07/2025
Dukhan Bank (a Qatari public shareholding company) announced an update to the shareholders' eligibility date for interim dividends to July 16, 2025.
In a statement published on the Qatar Sto
QNA
11/07/2025
Investcorp, a leading global alternative investment firm based in Bahrain, today (July 10) announced the completion of the sale of a majority stake in leading Italian cybersecurity provider HWG Sabab
Trade Arabia
10/07/2025
Doha Bank has been awarded 'Best Bank in Qatar' at the MEED MENA Banking Excellence - Corporate and Investment Awards 2025, recognising the lender's outstanding achievements in innovation, strategic
Gulf Times
10/07/2025
Air Arabia Abu Dhabi has announced the launch of a new service connecting Zayed International Airport and Sialkot International Airport in Pakistan.
Starting July 17, the new route will ope
Trade Arabia
10/07/2025
Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, has been named "Best Bank in Saudi Arabia for 2025" by Euromoney, recognizing the bank's strong financial performance,
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia