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NBO posts net profit of OMR18.1 million in 2020

NBO posts net profit of OMR18.1 million in 2020
By: Times News Service
Muscat: National Bank of Oman (NBO) held its Annual General Meeting this week. Conducted remotely, the meeting was attended by board members, senior management and shareholders, and included the declaration of OMR 422,000 to be allocated for community support services over the coming year, in addition to last year’s financial ;;.
In 2020, NBO achieved a net profit of OMR18.1 million, a satisfactory yield given the lower-income and higher loan impairment charge, mainly arising out of the COVID-19 pandemic. During the meeting, the bank also introduced three new board members, namely Dr Ghazi Nasser Al Alawi, Said Hilal Al Habsi, who were appointed in May 2020, and more recently, Nabil Al Mahrouqi. ....

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NBO announces financials and new appointments at annual general meeting

NBO announces financials and new appointments at annual general meeting
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