• Oman

    • Total deposits with commercial banks in Oman rises RO 22.2bln by June 2023

    By on August 19, 2023
    oman
    oman

    Muscat: The monthly bulletin of the Central Bank of Oman indicated that the total credit balance granted by conventional commercial banks recorded an increase of 5.1 percent by the end of June 2023, while credit extended to the private sector increased by 5.4 percent to reach OMR 20.2 billion.

    The total investment of traditional commercial banks in securities witnessed a decrease of 5.9 percent, to about 4.6 billion Omani riyals at the end of last June, while investment in government development bonds decreased by 5.1 percent compared to the same period in 2022, to reach 2.1 billion Omani riyals. As for their investments in securities Foreign finance increased by 90.8 percent to reach 1.3 billion Omani riyals.

    On the other side of the budget – liabilities -, total deposits with conventional commercial banks increased by 3.1 percent to reach RO 22.2 billion by the end of June 2023. Government deposits with commercial banks increased by 7.7 percent to about OMR 5.4 billion, and as for deposits of public sector institutions, they increased by 1.6 percent to about OMR 1.6 billion during the same period.

    As for private sector deposits, they increased by 2.1 percent to reach RO 14.8 billion in June 2023, constituting 66.4 percent of total deposits with conventional commercial banks.

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