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Bank Muscat mulls options to recover card fraud moneyBank Muscat, Oman's largest lender, is looking at options to recover the $39 million it lost in a pre-paid card fraud, it said on Sunday, after US authorities brought to light a $45 million global cyber heist this week. Bank M More… |
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Travel card fraud hits Bank Muscat profitBank Muscat, Oman's largest lender, posted a 25.1 percent drop in its first-quarter net profit on Wednesday as the bank booked additional provisions related to a prepaid travel card fraud incident. More… |
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Bank Muscat launches $500m bondBank Muscat, Oman's largest lender, will sell a $500 million five-year bond on Tuesday in its first dollar debt issue in nine years, with strong demand allowing the deal to launch at among the lowest borrowing costs available to it. More… |
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Bank Muscat picks banks for potential bondBank Muscat, Oman's largest lender, has picked six banks to arrange meetings with fixed income investors ahead of a potential benchmark-sized bond issue, a lead manager said on Thursday. The lender has chosen Citigroup, Credit More… |
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Omani lender hit by $39m prepaid card fraudBank Muscat, Oman's largest lender, will take an impairment charge of up to RO15 million ($39 million) after a small number of prepaid travel cards were hit by fraud, the bank said on Tuesday. More… |
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Bank Muscat gets $195m equity investment from IFCBank Muscat agreed on an equity investment worth 75.1 million rials ($195.1 million) from the International Finance Corp, it said on Wednesday, a move which will bolster the capital base of Oman's largest lender. More… |
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Bank Muscat eyes 15pc credit growthBank Muscat, Oman's largest lender, expects its credit growth to be around 14-15 per cent this year, driven by high government spending and higher wages for local citizens, local media quoted its chief operating officer as saying. More… |
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Bank Muscat Q4 net profit rises 15pcBank Muscat, Oman's largest lender, posted a 15.1 percent increase in fourth-quarter net profit on Thursday, Reuters calculations show, in line with the average estimate of analysts. The ban More… |
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Bank Muscat Q3 net profit up 19.7 pcBank Muscat, Oman's largest lender by market capitalisation, posted a 19.7 per cent increase in third-quarter net profit, Reuters calculated, beating analyst estimates. The bank made a quarterly profit of 35.8 million Omani ri More… |
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Bank Muscat $251m rights issue coveredBank Muscat, Oman's largest lender by market value, saw its 96.7 million rials ($251.2 million) rights issue 127.5 percent covered by investors, the bank said in a bourse filing on Monday. The lender received bids wo More… |
