Total Outstanding Credit Extended by ODCs grows by 5.4% to RO 27.8 billion in End-November 2021

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Muscat: The total outstanding credit extended by other deposit corporations ODCs grew by 5.4% to RO 27.8Bn as at the end of November 2021, according to the data of the Central Bank of Oman.

The credit granted to the private sector recorded a moderate growth of 2.3% to reach RO 23.4Bn at the end of Nov 2021.

The non-financial corporate sector received the highest share of the total private sector credit, over 46.5% followed by household sector accounted for 45.2%. The share of financial corporations was 4.7% and other sectors received the remaining 3.6% of the total private sector credit as at the end of Nov 2021.

Total deposits held with ODCs registered a Y-0-Y growth to reach RO 25.4 Bn as at the end of Nov 2021. Total private sector deposits increased by 5.3% to RO 17.3 Bn.

In terms of sector wise composition of private sector deposits, the biggest share was to households’ deposits at 51.2% followed by non-financial corporations at 31.7%, financial corporations at 14.2% and the other sectors at 2.9%.

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