Bank Muscat, the flagship financial institution in the Sultanate of Oman, announced its preliminary unaudited results for the three months ended 31 March 2024. The Bank posted a net profit of RO 54.24 million for the period compared to RO 51.30 million reported during the same period in 2023, an increase of 5.7 per cent.
The key highlights of the results for the period are as follows:
Net Interest Income from Conventional Banking and Net Income from Islamic Financing stood at RO 95.45 million for the three months period ended 31 March 2024 compared to RO 91.71 million for the same period in 2023, an increase of 4.1 per cent.—Zawya
