Mubasher: Oman’s Ahli Bank posted on Thursday a fall of 5.56% in its net profit for the third quarter of fiscal 2016 to OMR 6.8 million ($17.6 million), versus OMR 7.2 million ($18.64 million) for Q3-15.

Net profit for the first nine months of 2016 declined 3.67% to OMR 21 million from OMR 21.8 million for the same period of 2015, according to a bourse filing.

Operating revenues fell in the nine-month period by 8.37% to OMR 39.4 million, compared to OMR 43 million for the same period last year.

The bank earlier reported a net profit of OMR 14.2 million for the first half of 2016, 2.74% down from OMR 14.6 million for H1-15.