Private Deposits at Commercial Banks Rise 1.5 Percent

Muscat, Private deposits at commercial banks in the Sultanate as at the end of May 2018 rose by 1.5 percent to RO 12,565.6 million compared to RO 12,374.1 million 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 2018 includes the time deposits that stood at RO 3,835.0 million, savings deposits of RO 4,617.0 million and demand deposits of RO 3,838.3 million, the report further added.

The bulletin pointed out that the total value for these deposits includes RO 11,549.3 million and RO 1.016.3 million in foreign currencies.

As for the banking indicators for the commercial banks at the end of May 2018, the bulletin said that the broad money and clearance to the deposits in riyals was 7.4 percent. The combined money and clearance to the gross deposits was 6.5 percent. The total percentage of loans to the deposits was 108.6 percent.

The rate of foreign currency deposits to the total deposits was 11.8 per cent. The rate of foreign assets to the total loans was 14.4 percent. The rate of foreign assets to the total assets was 11.5 percent. The foreign liabilities to the total liabilities was 12.6 percent.

The on-demand deposits to the total private deposits rose by 30.2 percent. The capital and reserves to the total deposits was 23.4 percent. The rate of allocations and the retained interests to the total credit was 3.5 percent.

Source: Oman News Agency