Mubasher: Bank Sohar’s profits after taxes reached OMR 21.29 million ($55.11 million) in the first nine months of 2015, compared to QAR 23.75 million ($61.47 million) in the same period of 2014, according to a bourse filing.

Net operating income declined 1.5% to OMR 52.44 million during the period, compared to OMR 53.26 million in 2014.

Customers’ deposits rose 16.7% to OMR 1.56 million in the first nine months of 2015, compared to OMR 1.34 million in the corresponding period last year.

The Muscat-listed bank’s operating expenses rose 8.4% to OMR 24.79 million from OMR 22.87 million.