DUBAI Jan 12 National Bank of Oman
(NBO), the sultanate's third-largest lender by assets, posted on
Thursday a 19.9 percent fall in fourth-quarter net profit,
according to Reuters calculations.
The lender made a profit of 13.68 million rials ($35.5
million) in the three months to Dec. 31, Reuters calculated
based on previous financial statements in lieu of a quarterly
This was down from 17.07 million rials in the same period of
EFG Hermes had forecast the bank would make a quarterly net
profit of 14.35 million rials, while Gulf Baader Capital Markets
had estimated 13.50 million rials.
NBO reported a net profit for full-year 2016 of 55.8 million
rials, down from 60.1 million rials in 2015, a bourse filing
(Reporting by Tom Arnold; Editing by Andrew Torchia)