Oman – Mubasher: Oman-based Bank Muscat announced an 8.9% increase in its profits for the first quarter of 2015.

The bank reported a profit of OMR 43.3 million in Q1-15 compared to OMR 39.76 million during the same period in 2014, according to a bourse filing on Tuesday.

The bank which is listed on the Muscat Securities Market (MSM) and the Bahrain Bourse previously reported an annual profit of $424.2 million, an increase of 7.3% compared to figures from 2013.

Bank Muscat’s capital amounts to OMR 2.1 billion divided on 2.1 billion shares.