Oman's Bank Dhofar Q1 net profit rises 15.3 pct, beats estimates

April 15, 2015 5:19 AM

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DUBAI, April 15 (Reuters) - Oman's Bank Dhofar, the sultanate's second-largest lender by assets, posted a 15.3 percent rise in first-quarter net profit on Wednesday to narrowly beat analysts' forecasts as its loan book increased.

The Omani lender, which is in talks to merge with smaller rival Bank Sohar, made a net profit of 11.78 million rials ($30.60 million) in the three months to March 31 up from 10.22 million rials in the same period last year, it said in a statement to Muscat's bourse.

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