PHOTO
Image for illustrative purpose only. An investor works on his computer above the trading floor of the Muscat Securities Market (MSM) in the Commercial business District of Ruwi in Muscat. STR New, Reuters
Bank Muscat, Oman's largest lender by assets, reported a H1 2023 net profit of 104.32 million rials ($271 million), 5% higher versus OMR 99.26 million reported in H1 2022, on higher net interest income (NII).
Operating profit was OMR 153.75 million, 6% higher year-on-year, the lender said in a regulatory statement on the Muscat Stock Exchange on Thursday.
NII from conventional banking and net income from Islamic banking stood at OMR 184.71 million, 11% higher on year.
(Writing by Brinda Darasha; editing by Seban Scaria)
