Oman's largest bank, Bank Muscat, has said its full-year profit had dropped 21% after provisions for bad loans almost quadrupled, Bloomberg has reported. The lender's net income dropped to RO73.7m ($191m) in 2009 from RO93.7m the previous year, while operating profit rose 37% to RO209m as interest income advanced 7.6% to RO174m.
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