Private deposits at Oman’s commercial banks rise 4.1%

Muscat - 

Private sector deposits at Oman’s commercial banks rose 4.1 per cent to RO12.54bn at the end of November 2017 compared to RO12.05bn in the corresponding period of the previous year, according to the monthly statistical bulletin published by the Central Bank of Oman (CBO).

Gross value of private deposits as of the end of November 2017 included the time deposits of RO3.91bn, savings deposits of RO4.55bn and demand deposits of RO4.4bn. The CBO bulletin pointed out that total value for these deposits included RO11.51bn local currency deposits and RO1.02bn deposits in foreign currencies.

As for the banking indicators for commercial banks as of November 2017, the bulletin said the ratio of broad money and clearance to deposits in riyals stood at 7.7 per cent. The ratio of combined money and clearance to gross deposits was at 6.8 per cent, while total percentage of loans to the deposits stood at 110.3 per cent.

The ratio of foreign currency deposits to total deposits was 11.5 per cent, while the ratio of foreign currency loans to the total loans stood at 14.9 per cent. The ratio of foreign assets to the total assets was 9.8 per cent and the ratio of foreign liabilities to total liabilities stood at 11.1 per cent.

muscat daily recycle