Mubasher: Al Izz Islamic Bank’s losses for the third quarter of the fiscal year 2016 worsened by 12.7% to OMR 1.33 million ($3.44 million), versus OMR 1.18 million ($3.05 million) for Q3-15.

Net losses for the first nine months of 2016 shrank 19.1% to OMR 3.42 million from OMR 4.23 million for the same period of 2015.

Total deposits increased in the nine-month period by 84.8% to OMR 268.95 million from OMR 145.6 million for the same period last year.

The bank earlier reported a net loss of OMR 2.09 million for the first half of 2016, compard to OMR 3.05 million for H1-15.