Bank Dhofar’s net profits increased by 24.5 percent in 1H 2002
Oman’s Bank Dhofar Al-Omani Al-Fransi (BDOF) recorded a 24.5 percent net profit increase in the first half of 2002, reaching 4.1 million Omani rials ($10.6 million) compared to OR 3.3 million in corresponding period last year, reported the Oman Arab Bank’s Investment Management Group (IMG).
BDOF was established in 1990 after it bought out the Muscat branch of the Paris-based Banque Paribas. In 1992, bank’s assets doubled to reach $250 million. In 1998, BDOF sold 40 percent of its shares to the public, and is now listed on the Muscat Securities Market. The bank currently has 41 branches. — (menareport.com)
© 2002 Mena Report (www.menareport.com)