MUSCAT: Bank Muscat, Oman's largest lender, posted a 2.5 percent increase in its third-quarter net profit on Wednesday, narrowly missing analyst estimates.
The bank made a quarterly profit of 40.39 million rials ($104.9 million) in the three months to September 30, it said in a statement to the Muscat bourse.
This compared to 39.4 million rials in the corresponding period of 2013.
Five analysts polled by Reuters had, on average, forecast a third-quarter profit of 41.15 million rials.
Net profit for the first nine months of 2014 was 126.7 million rials, up from 102.5 million rials in the opening nine months of last year, the filing said.
Bank Muscat's nine-month profit last year was dented by a 15 million-rial provision it was forced to take after being caught up in one of the biggest ever cyber fraud cases - a provision reversed in full-year numbers after the cash was recouped through its insurers. (Reuters)
