Feb 01 2012 |
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OIB net profit up 2.4% in 2011
man International Bank (OIB) has announced a 2.4 per cent rise in net profit to RO18mn from RO17.58mn in 2010, according to the bank's disclosure to the Muscat Securities Market on Tuesday.The board of directors of OIB has approved a cash dividend of 12.75 per cent and stock dividend of 1.25 per cent to be distributed in 2012.
Interest income grew 0.5 per cent to RO36.8mn in 2011 from RO36.6mn in 2010, while interest expenses declined by 4.7 per cent to RO6.44mn from RO6.76mn in the previous year.
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