Mubasher: Alizz Islamic Bank announced on Sunday that its losses in 2015 narrowed 2.6% to OMR 5.36 million versus OMR 5.5 million in 2014.

Net revenues jumped to OMR 6 million last year, compared to OMR 1.93 million in 2014, with a growth of 211%, according to the company’s unaudited financial statements.

The Muscat-listed bank earlier reported net losses of OMR 4.23 million in the first nine months of 2015, versus OMR 4.43 million in the same period of 2014.