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DUBAI / Reuters
Bank Muscat, Oman’s largest lender, posted a 1.3 percent increase in fourth-quarter net profit on Sunday, according to Reuters calculations, in line with analysts’ estimates.
The bank made a profit of 39.7 million rials ($103.2 million) in the three-month period ending Dec. 31, up from 39.2 million rials a year earlier.
Bank Muscat didn’t disclose a quarterly breakdown of its earnings so Reuters calculated the figure based on previous financial statements.
Three analysts polled by Reuters forecast the bank would make a quarterly net profit of 41.7 million rials.
For the full-year, the bank made a net profit of 176.6 million rials, up 0.6 percent from the same period in 2015, it said in a statement to the Muscat bourse.