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May 25, 2015 3:01 PM 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 in the Sultanate of Oman. The company operates through three segments: Retail Banking & Wealth Management, Commercial Banking, and Global Banking and Markets. 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 and investment products; and financial planning services to individual customers. It also provides receivables financing, payments and cash management, international trade finance, treasury and capital markets, commercial cards, cash ...

PO Box 1727

Al Khuwair,  111

Oman

Founded in 1979

Phone:

968 2 494 7032

Fax:

968 24682800

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. Reports Unaudited Preliminary Earnings Results for the First Quarter Ended March 31, 2015

HSBC Bank Oman S.A.O.G. reported unaudited preliminary earnings results for the first quarter ended March 31, 2015. For the quarter, the company net profit was up by 22.6% to OMR 3.8 million, compared to OMR 3.1 million for the same period in 2014, due to an increase in net operating income before loan impairment charges. Net operating income before loan impairment charges increased by 15.5% to OMR 18.6 million, compared to OMR 16.1 million for the same period in 2014, due to higher net interest income, net fee income and other operating income. Net interest income increased by 5.2% to OMR 12.1 million, compared to OMR 11.5 million for the same period in 2014, due to an increase in corporate loans and advances.

HSBC Bank Oman S.A.O.G. Appoints PricewaterhouseCoopers LLC as Statutory Auditors for the Financial Year Ending December 31, 2015

HSBC Bank Oman S.A.O.G. approved, at the company's AGM held on March 30, 2015, the appointment of PricewaterhouseCoopers LLC as the statutory auditors for the financial year ending 31 December 2015.

HSBC Bank Oman Proposes Cash Dividend for the Year Ended December 31, 2014

HSBC Bank Oman will consider and approve the proposal to distribute a cash dividend of 5.5 baiza per share to shareholders at the meeting date for the year ended December 31, 2014.

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