Total deposits in Oman reach OMR23.2 billion

Muscat: The total outstanding credit extended by other depository corporations stood at OMR25.8 billion at the end of November 2019, a rise of 3.0 per cent over the level witnessed a year ago, according to the report issued by the Central Bank of Oman (CBO).
Credit to the private sector increased by 2.6 per cent to OMR22.8 billion at the end of November 2019.
Of the total credit to the private sector, the non-financial corporate sector stood at 46.1 per cent followed by the household sector (mainly under personal loans) at 45.2 per cent, financial corporations at 5.4 per cent and other sectors the remaining 3.4 per cent.
Total deposits registered a growth of 1.7 per cent to OMR23.2 billion at the end of November 2019. Private sector deposits of the banking system registered a growth of 2.3 per cent to OMR14.8 billion at the end of November 2019.
Sector-wise, the share of households was 50.5 per cent of the total private sector deposit base, followed by non-financial corporations at 29.5 per cent, financial corporations at 17.7 per cent and the other sectors at 2.3 per cent.