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- QNB and Mastercard expand payment services in Syria
- MoCI signs co-operation agreement with Doha Bank
- Investors face more risks from Trump's Venezuela gamble
- Mobile service subscriptions in Oman rise by 9.6 percent
- MSX issues list of securities eligible for market making
- MSX tops GCC with 28% gain, ranks among world's best-performing markets
- UAE aviation drives national economy with expanding global reach
- Opec+ reaffirms commitment to market stability
- Saudi Aramco launches 98-Octane Gasoline for vehicles
- Oman awards $941m infrastructure project tenders in Q4
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
01/01/2026
Oman's Bank Nizwa has announced that it had successfully closed the 10th series of local currency sovereign sukuk worth RO200 million ($519 million) acting as the joint issue manager and collecting b
Trade Arabia
15/12/2025
Bank Nizwa, a leading Islamic bank in the Sultanate of Oman, has announced the appointment of Tariq bin Atiq as its new Deputy Chief Executive Officer and Chief Operations Officer, in line with its o
Trade Arabia
02/09/2025
Oman's Bank Nizwa has announced the launch of its electronic mandate (e-mandate) for direct debit service. Designed to streamline recurring transactions, the new service complies with the Central Ban
Trade Arabia
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05/01/2026
Mastercard announced that QNB Group, the largest financial institution in the Middle East and Africa, was granted a Mastercard licence to extend its issuing and acquiring activities in Syria, enablin
Gulf Times
05/01/2026
The Ministry of Commerce and Industry (MoCI) has signed a co-operation agreement with Doha Bank, as part of efforts to enhance integration between the public and private sectors and to facilitate ser
Gulf Times
05/01/2026
Saudi oil giant Aramco has announced the launch of its 98-octane gasoline product, which will begin supplying in January 2026 as part of efforts to expand consumer fuel options and diversify its prod
Trade Arabia
04/01/2026
Dubai Electricity and Water Authority (Dewa) has announced that that work is in full swing on its Hassyan desalination project with the Phase I nearly 90% completed.
One of the world's large
Trade Arabia
04/01/2026
QNB forecast a slight improvement in global growth in 2026, amid stability in major economies, projecting a rate of 3.2 percent, which is slightly higher than overall forecasts.The bank's weekly repo
Gulf Times
Financial Information Co.
Saudi Arabia