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Sun 20 Apr 2014 09:01 AM

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National Bank of Oman profit rises 20%

2014 first-quarter profits soar to $26.75m, far higher than expected

National Bank of Oman profit rises 20%

National Bank of Oman reported a 20 percent rise in first-quarter net profit on Sunday, slightly above analyst estimates.

The bank made a profit of 10.3 million rials ($26.75 million) in the first three months of 2014, up from 8.6 million rials in the year-earlier period, according to a statement to Oman's bourse.

Analysts polled by Reuters on average forecast the bank would make a quarterly profit of 9.88 million rials.

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