Deposits in Oman's banks down slightly

Muscat: Aggregate deposits held in conventional banks stood at OMR18.9 billion in April 2018, down by 0.8 per cent from OMR19.1 billion a year ago.
Government deposits in conventional banks declined by 1.8 per cent to OMR5.1 billion, while deposits from public enterprises decreased significantly by 10.6 per cent to OMR885.90 million during the same period.
Private sector deposits, which accounted for 65.6 per cent of total deposits in conventional banks, declined by 1.1 per cent to OMR12.4 billion in April 2018, from OMR12.6 billion one year ago.
The core capital and reserves of conventional banks stood at OMR4.50 billion at the end of April 2018.
Islamic banking entities
Meanwhile, Islamic banking entities provided financing to the amount of OMR3.2 billion at the end of April 2018, as compared to OMR2.7 billion one year ago.
Total deposits held in Islamic banks and windows increased substantially, by 25.40 per cent to OMR3.10 billion in April 2018, compared to OMR2.50 billion last year.
The combined total assets of Islamic banks and windows amounted to OMR4 billion at the end of April 2018, constituting about 12.4 per cent of the banking system's total assets.