March 04, 2015 11:46 AM ET

Banks

Company Overview of HSBC Bank Oman S.A.O.G.

Company Overview

HSBC Bank Oman S.A.O.G. provides various commercial banking services. The company operates through the Commercial Banking, Retail Banking and Wealth Management, and Global Banking and Markets segments. The company offers personal banking products, such as current and savings accounts, mortgages and personal loans, term deposits, money transfers, overdrafts, credit and debit cards, and local and international payment services; insurance products comprising personal accident, travel, home, and vehicle insurance, as well as life insurance; investment products; and financial planning services to individual customers. It also provides receivables financing, payments and cash management, internati...

PO Box 1727

Seeb,  111

Oman

Founded in 1979

Phone:

968 2 494 7032

Key Executives for HSBC Bank Oman S.A.O.G.

HSBC Bank Oman S.A.O.G. does not have any Key Executives recorded.

HSBC Bank Oman S.A.O.G. Key Developments

HSBC Bank Oman S.A.O.G. Approves Cash Dividend for the Full Year 2014; Announces Audited Earnings Results for the Year Ended December 31, 2014

The board of directors of HSBC Bank Oman S.A.O.G. at its Board Meeting held on January 26, 2015, approved cash dividend of OMR 0.0055 per share (nominal value per share of OMR 0.100) amounting to OMR 11.0 million for the full year 2014. The company announced audited earnings results for the year ended December 31, 2014. For the year, the company's net profit was up by 11.9% to OMR 12.2 million compared to OMR 10.9 million for the year ended December 31, 2013, due to an increase in net operating income before loan impairment charges, a reduction in operating expenses and the release of prior year’s tax provisions. Net operating income before loan impairment charges increased by 3.3% to OMR 71.0 million compared to OMR 68.7 million for the year ended December 31, 2013, due to higher net interest income, net fee income and dividend income. Net interest income increased by 1.7% to OMR 48.9 million compared to OMR 48.1 million for the year ended December 31, 2013, due to an increase in corporate loans and advances and a reduction in high cost corporate deposits. Net fee income increased by 9.6% to OMR 12.6 million compared to OMR 11.5 million for year ended December 31, 2013, due to higher structuring and facility fees from corporate customers. Earnings per share were OMR 0.006 compared to OMR 0.005 for the year ended December 31, 2013.

HSBC Bank Oman S.A.O.G., Board Meeting, Jan 26, 2015

HSBC Bank Oman S.A.O.G., Board Meeting, Jan 26, 2015. Agenda: To consider audited annual financial results for the year ended December 31, 2014.

HSBC Bank Oman S.A.O.G. Announces Unaudited Earnings Results for the Year Ended December 31, 2014

HSBC Bank Oman S.A.O.G. announced unaudited earnings results for the year ended December 31, 2014. For the year, the company reported operating income of OMR 71.0 million compared to OMR 68.7 million a year ago. Profit for the year was OMR 12.2 million compared to OMR 10.9 million a year ago.

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 16, 2014
HSBC Bank Oman S.A.O.G., Banking Business in India
 

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