Bank NizwaOG (MUS:BKNZ) Tax Rate % : 15.28% (As of Jun. 2024)

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What is Bank NizwaOG Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Bank NizwaOG's Tax Expense for the three months ended in Jun. 2024 was ر.ع0.75 Mil. Bank NizwaOG's Pre-Tax Income for the three months ended in Jun. 2024 was ر.ع4.89 Mil. Therefore, Bank NizwaOG's Tax Rate % for the quarter that ended in Jun. 2024 was 15.28%.

Bank NizwaOG Tax Rate % Historical Data

The historical data trend for Bank NizwaOG's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bank NizwaOG Tax Rate % Chart

Bank NizwaOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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15.13

14.20

12.67

14.04

13.84

Bank NizwaOG Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Tax Rate %	Get a 7-Day Free Trial															13.86	15.15	11.88	15.00	15.28

Bank NizwaOG Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Bank NizwaOG's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	2.734	/	19.756
	=	13.84 %

Bank NizwaOG's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Jun. 2024 )	/	Pre-Tax Income (Q: Jun. 2024 )
	=	0.747	/	4.888
	=	15.28 %

Bank NizwaOG Tax Rate % Related Terms

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Bank NizwaOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Nizwa SAOG (MUS:BKNZ) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beach One Building, Shatti A Qurum, P.O. Box 1423, Al khuwair, Muscat, OMN, 133

Website

https://www.banknizwa.om

Bank Nizwa SAOG is engaged in opening current, saving and investment accounts, providing Murabaha finance, Ijara financing, and other Sharia compliant forms of financing as well as managing investors' money based on Mudaraba in exchange for a profit share or agency in exchange for a fee, and excess profit as incentive providing commercial banking services and other investment activities. The Bank is organized into three operating segments based on business units: Retail banking; Corporate banking; Treasury and investment banking and others. It derives most of its revenues from the Corporate Banking segment.

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