Omantribune
Oman Tribune
Omantribune
Omantribune Search News
Web Oman
    Google Search Button
      Tribune
- Oman
- Soccer World Cup
- Other Top Stories
- Middle East
- Business
- Sports
- India
- Pakistan
- Asia
- Europe
- Americas
- Columnists
- Editorial
- Oman Mirror
- Special Features
- Cinema
- PDF Pages
- Weather
- Travel
- Currency Rate
- Hospitals
- Pharmacies
- Services
- Flight Timings
- Museum Timings
Omantribune Home Omantribune About Us Omantribune Advertising Information Omantribune Archives Omantribune Subscribe-Form Omantribune Jobs Omantribune Contact Us
Tuesday, January 27, 2015  

BankDhofar Q3 profit surges to 28.73m rials
MUSCAT BankDhofar has recorded a steady growth in its net profit during the third quarter ended September 30, 2012. The bank’s profit rose to 28.73 million rials during the nine-month period as against 5.74 million rials in the same period last year.

Net interest income of the bank increased 6.69 per cent to 48.02 million rials during thje period. Customer deposits grew 17.65 per cent to 1.60 billion rials supporting growth in loans and advances of 16.90 pert cent to 1.66 billion rials, the bank said in a press release.

BankDhofar’s operating profit grew by 6.27 per cent to 36.29 million rials over the same period in 2011 on the back of higher non-interest income including fees and commissions, foreign exchange profit, investment and other income which grew 7.37 per cent to 15.30 million rials.

The bank’s operating profit stood at 14.25 million rials in the corresponding period of 2011.

“We continue to work towards consistent profitability and we remain focused on improving our operating procedures to enable us to maintain sustained profitability. We have the proper foundation in place through our strategic plan 2012-2016 to realise a bright future,” said CEO, Tony Mahoney.

“Our approach provides a stable, healthy return on investment and allows the bank’s market position to continue to strengthen,” he added.

BankDhofar’s strategic plan is an integral part of its successful financial growth. Through this plan the bank is continuing to invest in its people, its products and its technology. It is doing this through a number of different channels including; the BankDhofar Academy which drives employee engagement and enables them to develop and build their careers within the bank, its network expansion which ensures superior customer care for all customers and its business and corporate centres which further boosts its support of small and medium enterprises (SME’s) as well as its commercial and corporate customers.

BankDhofar has the best products and services in place for its customers and this can clearly be seen with the recent launch of its fund transfer facility as well as enabling easy electronic banking through the mobile phone network. It also has all the necessary steps in place for a successful Islamic Banking business which will strengthen the bank’s revenues, ensuring profit sharing for its customers and the community.

Oman Tribune
NEWS UPDATES
Oman
Adam lends everyone a patient ear
Moroccan magic at its best
SMEs single–window station to be operational by Dec.
Mukul unfurls Indian flag to mark R-Day
Shura Council to host Hasani on Jan. 28, 29
IDF Oman expo to feature 82 firms
ITA launches paperless drive
Indian schools mark Republic Day with patriotic fervour
Other Top Stories
Syria opposition begins 4-day talks in Moscow
Houthis block access to Sanaa University to stop protests
Millions brace for monster blizzard in US
Giant asteroid set to buzz past Earth: Nasa
Venezuela bars former LatAm presidents from meeting Lopez
India
Visit reflects Obama’s resolve on deepening ties with Delhi: Rice
Cartoonist RK Laxman dies at 94
2 army heroes honoured with Ashoka Chakra
Woman who saved 10 during Bihar arson hoists tricolour
Delhi, Beijing must ‘not fall into trap’
Rain fails to dampen R-Day spirit
Obama to join Modi in radio address
Modi-Obama ‘bromance’ continues during parade
Obama moots steps to boost trade volume
Delhi help could be ‘relevant to contain terror’
Pakistan
Baloch areas still in dark, pylons yet to be repaired
Structural problems in energy sector lead to fuel shortage: IPR
Cops shoot dead teen linked to kid murder case
Curbs on using amplifiers help police tackle hate preachers
US’ top forensic expert helps cops solve crimes
Trauma centres to heal mental scars of terror
Middle East
Kurds drive out Baghdadi militia from Kobani
Libya rebels free minister as peace talks resume
Egyptian doctor gets jail in FGM case
S. Arabia to push ahead with fiscal diversification
Rabat arrests Algerian linked to tourist’s killing
Honey sweetens life of S. Sudan’s poor
Asia
50 cops killed as Philippine troops clash with MILF
‘Lizard Squad’ hacks Malaysia Airlines, user data at risk
Indonesian top anti-graft official quits amid row
Party not to protest against 5-year ban on Yingluck
Australia knighthood to Philip sparks uproar
Kid’s abuse fuels CCTV buying frenzy
Business
Brent crude slips as S. Arabia sticks to energy policies
Euro sinks to 11-year low on fears of Greece exit
Pakistan under Moody’s scanner after fuel crisis
Oman Oil net profit rises to 11.2m rials
Swiss gold exports to India crossed $19.5b last year
India sets stage for banking revolution
RBI norms to hit bank loan pricing
India current account to ‘swing into surplus’
Mahindra to boost renewables business
Japan trade gap widens to $109b on oil imports
German business confidence picks up
Investment bankers flock to help super rich on hopes of high profits
BoE likely to raise interest rates soon: Forbes
Europe
Left, Right share power in Greece
Rebels move to encircle Kiev military town
UKIP leader changes stance, joins Tory camp
Uganda warlord appears at ICC
Church of England breaks tradition, appoints first female bishop
Sports
South Korea storm into Asian Cup final
‘Sleeping giant’ India yet to wake up to Asian Cup
Hosts Australia wary of UAE
Lyon on a roll with seventh win
Drogba wants to remain with Chelsea
Brazil’s domestic league in a shambles after player exodus
Valencia rout Sevilla to go fourth
Guinea’s ‘Cinderella story’ continues
Hawks extend franchise record win streak
Haas grinds out win at LA Quinta
Al Hoqain Team get green playground
Venus fireworks light up Australia Day
Paes, Sania reach quarters in Melbourne

Sports


International

© 2013 Oman Tribune. All rights reserved. Best viewed in 800 X 600 resolution