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Oman bank commercial deposits up 17.5%

The central bank of Oman has said the total value of private deposits at the Sultanate's commercial banks as of end January and February 2012 grew by 17.5% to OR8.278bn from OR7.046bn in the corresponding period in 2011, Times of Oman has reported. The gross value for the deposits as of end February 2012 includes the time deposits which stood at OR3.083bn, OR2.655bn saving deposits and OR2.447bn on demand deposits, the apex lender said.