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HSBC Bank Oman Q3 net profit rises 9 pct

Wed, 15th Oct 2014 05:27

DUBAI, Oct 15 (Reuters) - HSBC Bank Oman, Oman'sfourth-largest lender by assets and an affiliate of HSBCHoldings, reported a 9 percent rise in third-quarternet profit on Wednesday.

The lender made a net profit of 3.8 million Omani rials($9.87 million) in the three months to September 30, comparedwith 3.5 million rials in the same period of 2013, according toReuters calculations based on financial statements.

Gulf Baader Capital Markets forecast the bank would make anet profit for the period of 2.65 million rials.

Net profit for the first nine months of 2014 fell 25 percentto 9.5 million rials, a bourse filing said on Wednesday.($1 = 0.3850 Omani rials) (Reporting by Matt Smith; editing by Olzhas Auyezov)

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