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Oman private bank deposits up 14%

According to figures by the Central Bank of Oman, the total value of private deposits at commercial banks in the country as of the end of May grew 14% to stand at OR8.523bn compared with OR7.473bn during the corresponding period in 2011, Oman Daily Observer has reported. The combined value for these deposits includes time deposits, which stood at OR3.137bn, OR2.823bn saving deposits and OR2.472bn on demand deposits, the data showed.