HSBC Oman

Type: Company
Name: HSBC Oman
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

HSBC Oman logs 5.7m-rial profit in first half of year

Staff ReporterMUSCAT HSBC Bank Oman has posted a net profit of 5.7 million rials for the first half ended June 30. While this represented a 38.7 per cent drop over the same period last year when it had benefited from large recoveries and a release of ... [Published Oman Tribune - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Five Omani banks get stable rating from Fitch

Staff ReporterMUSCAT Rating agency Fitch has affirmed the long-term issuer default rating of five local banks based on support from the Omani sovereign. While the rating of Bank Muscat is at ‘A-’, those of National Bank of Oman, Bank Dhofar and ahlibank ... [Published Oman Tribune - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 23 2014 - 1 reports

HSBC Oman 1H net profit down 38.7% yoy

2014-07-22 16:56 Email Print New Window Size HSBC Bank Oman S.A.O.G. announced that for the six months ended 30 June 2014, the net profit was down by 38.7% to RO5.7 million; net operating income before loan impairment charges increased by 2.7% to RO34.1 ... [Published Aastocks.com - Jul 22 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

MSM30 closes flat; volume declines

Muscat  -The MSM30 index closed flat on Monday, inching up 0.03 per cent to 7,183.95. Volume of securities traded slipped to 10.95mn, compared with 28.39mn registered on Monday. The total number of trades grew six per cent to 887 from 836 on Monday.HSBC ... [Published Muscat Daily - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

HSBC Oman posts net profit of RO 5.7million in H1 2014

By A Staff Reporter -Muscat — HSBC Bank Oman has announced a net profit of RO 5.7 million for the first half of 2014. While this represented a 38.7 per cent decrease over the same period last year, the comparative period in 2013 had benefitted from large ... [Published Oman Observer - Jul 22 2014]
First reported Jul 09 2014 - Updated Jul 09 2014 - 1 reports

MSM continues to rise; financials, services up

Muscat  -The MSM30 continued to rise, adding 0.22 per cent to close at 7,152.32 as the results season kicked off in earnest. Financial Services and Hotel Management Co reported its second-quarter results to the exchange, while Oman Chlorine issued an ... [Published Muscat Daily - Jul 09 2014]
First reported Jul 08 2014 - Updated Jul 08 2014 - 1 reports

Banking on yet another merger

With Bank Dhofar in- forming Bank Sohar the completion of the preliminary study on the 'long-drawn-out' merger process between the two banks, the market is now all set to give its endorsement to the move.There is a section of the market, which strongly ... [Published 4 Traders - Jul 08 2014]
First reported Jun 23 2014 - Updated Jun 23 2014 - 1 reports

CCI approves proposed transfer of HSBC Oman's banking business in India to Doha Bank

According to a PTI report on Friday, fair trade regulator the Competition Commission of India (CCI) has given the green signal to the proposed transfer of HSBC Oman's banking business in India to Doha Bank.The CCI is of the view that the proposed takeover ... [Published Oneindia - Jun 23 2014]
First reported Jun 20 2014 - Updated Jun 20 2014 - 1 reports

Competition Commission clears HSBC Oman-Doha Bank deal

Fair trade regulator CCI has approved the proposed transfer of HSBC Oman's banking business in India to Qatar-based Doha Bank, saying the deal will not adversely impact competition in the country.HSBC Oman is part of HSBC Holdings which has interests ... [Published Business Standard India - Jun 20 2014]

Quotes

"The bank will, in due course, deploy its surplus liquidity in quality assets. The capital position will be managed and maintained at a level above CBO's minimum requirement" said NBO chairman Mohammed Mahfoodh Al Ar-dhi in his report
The CCI in an order released on Friday said "the proposed combination is not likely to have an appreciable adverse effect on competition in India. Further, none of the parties to combination is stated to be engaged in any activity that is vertically related to the activity carried on by the other party"
The Commission noted that even though Reserve Bank of India (RBI) has granted license to Doha Bank to operate a branch in Mumbai, "the bank is yet to commence its services in India"

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All (9) | News (9) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Five Omani banks get stable rating from Fitch [Published Oman Tribune - Jul 23 2014]
HSBC Oman logs 5.7m-rial profit in first half o... [Published Oman Tribune - Jul 23 2014]
MSM30 closes flat; volume declines [Published Muscat Daily - Jul 23 2014]
HSBC Oman posts net profit of RO 5.7million in ... [Published Oman Observer - Jul 22 2014]
HSBC Oman 1H net profit down 38.7% yoy [Published Aastocks.com - Jul 22 2014]
MSM continues to rise; financials, services up [Published Muscat Daily - Jul 09 2014]
Banking on yet another merger [Published 4 Traders - Jul 08 2014]
CCI approves proposed transfer of HSBC Oman's b... [Published Oneindia - Jun 23 2014]
Competition Commission clears HSBC Oman-Doha Ba... [Published Business Standard India - Jun 20 2014]
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