Oman – Mubasher: Bank Sohar announced its financials for the three month period ended 31 March 2015 and reported a 17.2% profit decline to OMR 6.58 million compared to OMR 7.95 million in Q1-14, according to a filing to the Muscat Securities Market (MSM) on Wednesday.

The bank previously reported an 11.2% rise in net profit after tax to OMR 29.878 million in FY14 compared to OMR 26.871 million in FY13.

Bank Sohar’s capital amounts to OMR 114.4 million divided on around 1.144 billion shares.