Oman – Mubasher: Bank Nizwa reported losses worth OMR 3.2 million ($8.3 million) in the six-month period ended 30 June 2015, down 18% from OMR 3.9 million ($10.1 million) in the same period last year, according to the bank’s financial statements released on Wednesday.
Revenues rose 46% in Q2-15, while assets grew to OMR 300 million. The Omani bank’s market stake increased due to a rise in the number of customer deposits, reaching OMR 136 million.
Bank Nizwa’s financing portfolio reached OMR 205 million, the statement published on the bank’s official website showed.
