Ahli Bank H1 net soars 86pc

Muscat, August 3, 2008

Ahli Bank’s net income for the first half of 2008 has jumped 86 per cent to RO3.51 million ($9.12 million) compared to RO1.18 million ($3.06 million) for the same period last year.

Operating income for the first half was RO6.70 million, an 80 per cent increase over the same period last year, according to a Gulf News report.

The bank’s total assets rose to RO382 million, up 104 per cent over last year.

Customer deposits increased 230 per cent to RO251 million in June 2008.

And first half loans were up 89 per cent from RO167 million last year to RO316 million this year.

Tags: Ahli Bank | First half results |