Complex Made Simple

Private deposits in Oman’s commercial banks rise to OMR11.78 billion

Total percentage of loans to deposits touches 100.8 per cent

The total private deposits at commercial banks in the Sultanate of Oman rose at the end of October 2015 by 8.10 per cent and reached OMR11.786 billion, compared with approximately OMR10.902bn for the same period of 2014.

The Monthly Statistical Bulletin issued by the Central Bank of Oman reported that the total value of term deposits amounted to OMR3.236bn, savings deposits to OMR4.349bn and demand deposits amounted to OMR3.930bn.

The bulletin reported that the total value of deposits in Omani rials reached OMR10.860bn, while it touched OMR925 million in foreign currencies, reports Bahrain-based Alwasat News.

With regards to the banking indicators for Omani commercial banks in percentage by the end of October 2015, the bulletin said that broad money and clearance to the deposits in rials was 27.7 per cent, while combined money and clearance to the gross deposits was 24.4 per cent. The total percentage of loans to deposits was 100.8 per cent.

(OMR1 = AED9.54, at the time of publishing)