Financial Results
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BankDhofar net tumbles 58% on RO26m provision
BankDhofar’s net profit plummeted 58 per cent to RO14 million for 2011, from RO33.28 million posted in the previous year, following a whopping RO26 million provision the bank made in the second quarter to comply with a complex court case. The bank lost the case to Oman International Bank and…
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Click here to read the full story: Times of Oman