Bank Muscat, Oman's largest lender, posted a 0.2 per cent dip in its second-quarter net profit on Tuesday, according to Reuters calculations, beating analysts' estimates.

The bank made a profit of OR46.5 million ($120.8 million) in the three-month period to June 30, compared to OR46.6 million a year earlier.

Bank Muscat didn't disclose a quarterly breakdown of its earnings so Reuters calculated the figure based on previous financial statements.

Four analysts on average had forecast a second-quarter profit of OR40.71 million, according to a Reuters poll.

The bank made a net profit of OR89.8 million in the six months to June 30 compared to OR86.4 million in the prior-year period, it said in a statement to the Muscat bourse. Loans and advances rose by 4.6 percent year-on-year to OR6.4 billion on June 30. - Reuters