Private deposits at Oman's commercial banks rise 2.5%

 Private deposits at commercial banks in the Sultanate rose by 2.5 per cent to OMR12.37 billion, as of end of May 2017, compared with OMR12.07 billion in the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).

The gross value for these deposits as of the end of May 2017 includes time deposits that stood at OMR3,687.2 million, savings deposits of OMR4,571.6 million and demand deposits of OMR3,805.8 million. 

The bulletin pointed out that the total value for these deposits included OMR11,379.2 million and OMR994.8 million in foreign currencies.

As for the banking indicators for the commercial banks, as of the end of May 2017, the bulletin said broad money and clearance to the deposits in riyals was 10.2 per cent.

The combined money and clearance in gross deposits was 8.9 per cent. The total percentage of loans in the deposits was 104.7 per cent.

The rate of foreign currency for the total deposits was 12.7 per cent. The rate of foreign assets vis-a-vis total loans was 13.7 per cent. The rate of foreign assets to the total assets was 9.9 per cent. Rate of foreign liabilities to the total liabilities was 9.9 per cent.

The on-demand deposits’ rate to the total private deposits was 30.6 per cent. The capital and reserves to the total deposits was 21.6 per cent. The rate of allocations and retained interests to the total credit was 3.6 per cent.