Private deposits at commercial banks in Oman rise 3.3%

Muscat: Private deposits at commercial banks in Oman rose 3.3 per cent to OMR12.01 billion at the end of March 2016 compared to OMR11.63 billion in the corresponding period last year, a monthly statistical bulletin published by the Central Bank of Oman (CBO), reveals.
The gross value for these deposits as of the end of March 2016 includes the time deposits that stood at OMR3.39 billion, savings deposits of OMR 4.53 billion and demand deposits of OMR3.82 billion, the report further added.
The bulletin pointed out that the total value for these deposits include OMR11.01 billion and OMR1.01 billion in foreign currencies.
As for the banking indicators for the commercial banks as at the end of March 2016, the bulletin said that the broad money and clearance to the deposits in riyals was 22.8 per cent. The combined money and clearance to the gross deposits was 20.1 per cent. The total percentage of loans to deposits was 104.5 per cent.
The rate of foreign currency deposits to the total deposits was 12.5 per cent. The rate of foreign assets to the total loans was 13.4 per cent. The rate of foreign assets to the total assets was 9.5 per cent. The foreign liabilities to the total liabilities was 16.6 per cent.