Omans Bank Muscat misses profit forecast on fraud provision - Al-Arabiya

[FraudNews]

table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHDFFTGGZCO7DYFX1uW1x mMhiRa7gamp;url=http://www.arabianbusiness.com/bank-muscat-s-q1-profit-slumps-on-fraud-incident-498452.htmlimg src=//nt2.ggpht.com/news/tbn/BkSfXaHiQCl4UM/0.jpg alt= border=1 width=80 height=54 /br /font size=-2ArabianBusiness.com/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGxWsI95pMgMq1H9v9DeD A6G_X9XQamp;url=http://english.alarabiya.net/en/business/banking-and-finance/2013/04/17/Oman-s-Bank-Muscat-misses-profit-forecast-on-fraud-provision.htmlbOman#39;s Bank Muscat misses profit forecast on bfraud/b provision/b/abr /font size=-1bfont color=#6f6f6fAl-Arabiya/font/b/fontbr /font size=-1The lender said in late-February it would have to take an impairment charge of up to 15 million rials after a small number of the cards were hit by bfraud/b - an amount United Securities calculated was around 10.5 percent of the bank#39;s estimated 2013 b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHT3fGEtsfxeWjY5DnvMw 5-1tkGLgamp;url=http://www.zawya.com/story/Omans_Bank_Muscat_1Q_net_profit_falls_25_on_fraud_ provision-ZW20130417000085/Oman#39;s Bank Muscat 1Q net profit falls 25% on bfraud/b provision/afont size=-1 color=#6f6f6fnobrZawya (registration)/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEdjig0Qnh1fXnhL0YDny IgxiVaWQamp;url=http://www.reuters.com/article/2013/04/17/oman-bankmuscat-results-idUSL5N0D40H020130417Bank Muscat Q1 net profit drops 25.1 pct on bfraud/b provision/afont size=-1 color=#6f6f6fnobrReuters/nobr/font/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?ncl=d7X0ty0UPJwWiPMwhOPIPgBQe_0XMamp;ned=en_z anobrball 7 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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