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Preliminary Unaudited Financial Results Ended 31 December 2015

Preliminary Unaudited Financial Results Ended 31 December 2015
Bank Nizwa
BKNZ
1.00% 0.10 0.00

In compliance with the rules and guidelines on Disclosure issued by the Capital Market Authority vide their administrative decision No. 5/2014 dated 29th May 2014, Bank Nizwa wishes to announce its       un-audited financial results ended 31 December 2015.

                            (Amounts in OMR 000’s)

 

31 December 2015

31 December 2014

% Growth

Total Assets

346,594

253,106

37%

Financing to   Customers

272,916

137,345

99%

Customer   Deposits

188,641

93,721

101%

Total   Shareholders’ Equity

127,174

132,043

(4)%

Operating   Income

11,913

7,518

58%

Operating   Expense

(15,376)

(14,769)

(4)%

Operating   loss before provision and tax

(3,463)

(7,251)

52%

Loss after   provisions, before tax

(4,968)

(8,745)

43%

Net Loss   after tax

(4,760)

(7,709)

38%

 

Please note that the above results are:

  1. Un-audited
  2. Subject to Board of      Directors and General Assembly approval.
  3. Subject to Central Bank of      Oman approval