Muscat: The total balance of credit granted by traditional commercial banks in the Sultanate of Oman by the end of August 2023 recorded an increase of 5.4 percent, while credit granted to the private sector increased by 5.5 percent to reach 20.3 billion Omani riyals.
The total investments of traditional commercial banks in securities witnessed a decline of 7.7 percent to reach about 4.2 billion Omani riyals by the end of August 2023, while investment in government development bonds decreased by 10.2 percent to reach 1.9 billion Omani riyals compared to the same period in 2022.
As for traditional commercial banks’ investments in foreign securities, they witnessed an increase of 58.9 percent to reach about one billion Omani riyals by the end of August 2023.
On the other side of the budget – liabilities – the total deposits with traditional commercial banks recorded an increase of 5.1 percent to reach 22.4 billion Omani riyals by the end of August 2023, while the government’s deposits with commercial banks increased by 5.5 percent to reach about 5.3 billion Omani riyals, while the deposits of sector institutions decreased.
The yearly growth of these banks increased by 12.3 percent to reach about 1.5 billion Omani riyals during the same period. Private sector deposits increased by 7.3 percent to reach 15.3 billion Omani riyals by the end of August 2023, constituting 68.1 percent of the total deposits with traditional commercial banks.
more recommended stories
Oman advances 9 places in UN e-government index 2024Oman ranked 41st globally in UN.
-
Oman’s Mol launches the employment application system; signs agreement for “Tawteen” platform
Ministry of Labour launches employment platform.
Partial evacuation exercise at Muscat International Airport TomorrowPartial Evacuation Exercise at Muscat International.
Afghanistan reopens embassy in Oman, IEA saysAfghanistan Embassy reopens in Oman Muscat:.
MoH inaugurates RO 15.4mn Al Mazyouna Hospital in DhofarAl Mazyouna Hospital Worth RO 15.4mn.
Oman’s EA signs cooperation programme with GGGIEA signs cooperation programme with Global.
Agreement signed to implement onion cultivation and production project in Al Dhahirah GovernoratePact signed for onion cultivation and.
-
Al Dhahirah Governor signs agreements to implement decorative communication towers in ibri
Pact signed to implement decorative communication.
Omani student wins second place in international photography competitionMuscat: Student Maria bint Mohammed Al.
Oman Power and Energy Forum-IEEE Power Talks beginsMuscat: The third edition of the.