Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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BankMuscat (S.A.O.G) (BKM)

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Thursday 12 October, 2017

BankMuscat (S.A.O.G)

Preliminary results for qtr ended 30.09.2017

RNS Number : 4098T
BankMuscat (S.A.O.G)
12 October 2017
 

 

 

bank muscat announces preliminary results for the nine months ended

30th September 2017

 

MUSCAT, 12 October, 2017: bank muscat, the flagship financial institution in the Sultanate, announced its preliminary results for the nine months ended 30th September 2017.  The bank posted a net profit of RO 130.26 million for the period compared to RO 136.91 million reported during the same period in 2016, a decrease of 4.9 per cent.

         

The key highlights of the results for the period are as follows:

 

1)  Net Interest Income from Conventional Banking stood at RO 189.94 million for the nine months of 2017 compared to RO 187.95 million for the same period of 2016, an increase of 1.1 per cent. Net income from Islamic financing was RO 19.08 million for the nine months of 2017 compared to RO 17.78 million for the same period of 2016, an increase of 7.3 per cent.

2)  Non-interest income was RO 104.55 million for the nine month period ended 30 September 2017 compared to RO 108.47 million for the same period in 2016 due to reduction in exchange income and other fees.

3)  Operating expenses for the nine month period ended 30 September 2017 was RO 134.42 million as compared to RO 129.02 million for the same period in 2016, an increase of 4.2 per cent.

4)  Impairment for credit losses for the nine month period in 2017 was RO 53.01 million as against RO 46.96 million for the same period in 2016. Recoveries from impairment for credit losses was RO 30.95 million for the nine month period of 2017 as against RO 22.69 million for the same period in 2016.

5)  Share of income from an associate for the nine month period in 2017 was RO 1.78 million as against a RO 1.09 million for the same period in 2016.

6)  Net Loans and advances increased by 3.2 per cent to RO 7,259 million as against RO 7,032 million as at 30 September 2016.

7)  Customer deposits decreased by 3.5 per cent to RO 6,591 million as against RO 6,831 million as at 30 September 2016.

8)  Islamic financing receivables amounted to RO 943 million as of 30 September 2017 compared to RO 782 million in the same period of 2016. Islamic customer deposits amounted to RO 930 million as of 30 September 2017 compared to RO 746 million reported for the same period in 2016.

 

        YTD September 2017 versus YTD September 2016

Key figures for the preliminary results

9 months ended September 2017

(RO millions)

9 months ended    September 2016

(RO millions)

Change

(%)

Net interest income

 189.94

 187.95

1.1%

Income from Islamic financing

 19.08

 17.78

7.3%

Total net interest income and income from Islamic financing

 209.02

 205.73

1.6%

Other operating income

 104.55

 108.47

-3.6%

Operating expenses

 134.42

 129.02

4.2%

Operating profit

 179.15

 185.18

-3.3%

Net profit

 130.26

 136.91

-4.9%


As at 30th  September 2017

(RO millions)

As at 30th  September 2016

(RO millions)

Change

(%)

Net loans and advances

 7,259

 7,032

3.2%

Net Islamic financing

 943

 782

20.6%

Total net loans and Islamic financing

 8,202

 7,814

5.0%

Customer deposits

 6,591

 6,831

-3.5%

Islamic deposits

 930

 746

24.7%

Total customer deposits and Islamic deposits

 7,521

 7,577

-0.7%

 

The full results of the nine month period ended 30th September 2017 along with complete set of unaudited financial statements will be released after the approval of the Board of Directors of the Bank at its meeting scheduled later during October 2017.

...Ends…

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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