Flip through the latest issue of Gulf Weekly.
Bahrain-based BankMuscat International (BMI) announced a net profit of $8.7 million (BD3.3 million) for the nine months ended September 30.
Total assets stood at $1.07 million (BD407 million), a growth of 12 per cent from the $960 million (BD362 million) reported on December 31, 2006. Return on Equity (ROE) for the period stood at 13.2 per cent while earnings per share (EPS) was 0.51 cents (0.191 fils).
Chief executive officer Andrew Bainbridge said: "The nine-month results for BMI continue to show strong performance. Underlying the headline figures are investments in improving our product range and our operating capability, as well as our share of the start up costs of our associate in Kenya, Gulf African Bank (21.33 per cent owned by BMI)."
