Private deposits with commercial banks in Oman up 5.9% to reach OMR 15.47 bn

OMR
OMR

Muscat: The total value of private deposits with commercial banks in the Sultanate of Oman increased by 5.9 percent to reach 15.47 billion at the end of September 2023, compared to 14.205 billion during the same period in 2022.

The monthly statistical bulletin issued by the Central Bank of Oman (CBO) stated that the total value of these deposits was represented by term deposits, amounting to OMR 5.47 billion, savings deposits amounting to OMR 5.25billion, and demand deposits amounting to 4.49 billion.

The bulletin stated that the total value of deposits represented OMR 13. 35 billion in Omani riyal, and 1.69 billion in foreign currencies.

As for the banking indicators of Omani commercial banks in percentage terms at the end of September, the bulletin stated that the ratio of total cash and clearing to deposits in Omani riyals reached 7.2%, while the ratio of total cash and clearing to total deposits reached 6.1 percent, while the ratio of total loans to deposits reached 109.3 percent.

The ratio of deposits in foreign currency to total deposits was 15.3 percent, while the ratio of foreign assets to total loans was 12.5 percent, and the ratio of foreign assets to total assets was 9.6 percent.

As for the ratio of foreign liabilities to total liabilities, it reached 11.3 percent, the ratio of private demand deposits to total private deposits increased to 30.4 percent, the ratio of capital and reserves to total deposits reached 24.1 percent, while the ratio of allocations and retained interest to total credit reached about 5.5. percent.

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