Muscat: Bank Sohar yesterday announced a 15.19 per cent growth in net profit at OMR18.11 million for the first nine months of 2013, over the same period last year.
The bank said its net profit from conventional bank surged ahead by 18.08 per cent to OMR18.56 million, while Islamic banking activities incurred a net loss of OMR454,000.
Bank Sohar said its operating income also showed a growth of 12.07 per cent to OMR42.82 million from OMR38.20 million.
Net loans and advances of the bank for the nine month period moved up by 7.62 per cent to OMR1,224.30 million from OMR1,137.61 million.
However, the bank's customer deposits were down by 6.87 per cent to OMR1,323.74 million from OMR1,421.41 million. Total assets of bank edged up by 3.70 per cent.