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Al Izz Bank’s losses down 47% in Q2

Al Izz Bank’s losses down 47% in Q2
The bank’s losses reached OMR 800,000 - (Photo Credit: Arabianeye-Reuters)
Alizz Islamic Bank
BKIZ
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Mubasher: Al Izz Islamic Bank’s preliminary unaudited financial statements have shown a 46.7% decrease in losses in Q2-16.

The bank’s losses reached OMR 800,000 ($2.07 million) in during the quarter, compared to losses of OMR 1.5 million ($3.9 million) in the same period last year, as per the bank’s statement to the Muscat Securities Market (MSM) on Thursday.