Oman bank also sees lending up by 14 per cent
Omans Bank Sohar has reported net profits of RO29.88m ($77.6m) for the full-year 2014, marking an increase of more than 11 per cent on the previous year.
The bank also saw total assets rise by 10 per cent to reach RO2.07bn.
Lending was up by 14 per cent, with the banks net loans and advances rising to RO1.42bn.
Although overall profits rose, the banks Islamic banking arm did not fare so well, with the bank posting a 48 per cent decline in Islamic banking profits.
Last year, there were talks about a possible merger between Omans Bank Dhofar and Sohar Bank.
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