Oman’s Bank Nizwa profit surges 36% for 2019, assets pass 1 bln rial mark
Oman’s Bank Nizwa posted an increase in net profit of 36% to 10.2 million rials ($26.53 million) for 2019.
Oman’s first Islamic bank earned 33 million rials in operating income, a rise of 22% from 2018, it said in a statement on Jan 21.
Its assets surpassed the 1 billion rial mark for the first time, growing 19% to 1.035 billion rials.
The bank attributed the increase to growth in customer financing, deposits, and expansion of its customer base.
($1 = 0.3845 Omani rials)
© SalaamGateway.com 2020 All Rights Reserved
