Jan. 31 (Bloomberg) -- Oman International Bank SAOG, which is in negotiations to merge with the Oman operations of HSBC Holdings Plc, said full-year profit gained 2 percent.
Net income climbed to 18 million rials from 17.6 million rials a year earlier, the lender said in a statement to the Muscat bourse today. Interest income rose to 36.8 million rials from 36.6 million rials. The bank proposed a cash dividend of 12.75 percent and stock dividend of 1.25 percent.
Global Investment House KSCC estimated a profit of 16.4 million rials, while Gulf Baader Capital Markets SAOC forecast it at 10.8 million rials, according to data compiled by Bloomberg.
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