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National Bank of Oman profit drops 43%

Full-year profit of National Bank of Oman fell 43%, as expenses rose and operating income declined, Bloomberg has reported. Expenses of the Sultanate's second-biggest bank by assets rose 3% to OR34.8m while its net income declined from OR45.4m to OR26.1m ($68m) along with a decline of 7% in operating income to OR81.8m.

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