BDOF's net profits rise by 6 percent during half of 2000
(MEBG) – The operating profit at Bank Dhofar Al Omani al Fransi (BDOF) equaled RO3.81 million at the end of the first half of 2000, a rise of 6 percent over the corresponding period of 1999.
Net profit after tax rose by 8 percent to RO3 million, whereas total assets reached RO246 million, a 9 percent rise over the previous year. Net loans and advances increased by 10 percent to RO195 million, whereas deposits increased by 9 percent to RO192 million, further increasing the bank's liquidity level.
Despite growth in the number of loans extended, the ratio of non-performing loans to total loans remained at merely 4.67 percent-- a rather low figure by both local and international standards.
In May four additional branches of the bank were opened, bringing the number of branches to 27.
© 2000 Mena Report (www.menareport.com)