Muscat, Aggregate deposits held with conventional banks increased year-on-year (YoY) by 2.5 percent to RO 19.3 billion in September 2018, according to a bulletin released by the Central Bank of Oman (CBO).
Government deposits with conventional banks increased by 7.8 percent to RO 5.4 billion while public enterprises deposits increased by 7 percent to RO 1.2 billion in September 2018.
Private sector deposits accounted for 64.3 percent of total deposits with conventional banks in September 2018, remaining same as a year ago at RO 12.4 billion.
In terms of maturities, demand, saving and time deposits contributed RO 3.7 billion, RO 4.4 billion, and RO 4.0 billion, respectively to total private sector deposits.
The core capital and reserves of conventional banks stood at RO 4.4 billion as at the end of September 2018, a rise of 5.9 percent over the previous year.
Source: Oman News Agency