DUBAI Oct 12 Bank Muscat, Oman's
largest lender, posted flat growth in third-quarter net profit
on Wednesday, according to Reuters calculations, broadly in line
with analysts' estimates.
The bank made a profit of 46.4 million rials ($120.7
million) in the three-month period ending Sept. 30, the same
figure it recorded a year earlier.
Bank Muscat didn't disclose a quarterly breakdown of its
earnings so Reuters calculated the figure based on previous
Four analysts polled by Reuters forecast the bank would make
a quarterly profit of 44.1 million rials.
The bank made a net profit of 136.9 million rials in the
nine months to Sept. 30 compared to 136.2 million rials in the
prior-year period, it said in a statement to the Muscat bourse.
Loans and advances rose 7.1 percent year on year to stand at
7.03 billion rials to the end of September, while total deposits
increased 3.4 percent over the same timeframe to 7.58 billion
($1 = 0.3846 Omani rials)
(Reporting by Tom Arnold; Editing by David French)