Bank deposits in Oman rise 4.3%

Muscat: Private deposits at commercial banks in the Sultanate rose by 4.3 per cent to OMR11,639.5 million at the end of November 2015, compared to OMR11,155.5 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 November 2015 includes the time deposits that stood at OMR3,208.0 million, savings deposits of OMR4,350.5 million and demand deposits of OMR3,817.4 million, the report further added.
The bulletin pointed out that the total value for these deposits include OMR10,721.7 million and OMR917.7 million in foreign currencies.
As for the banking indicators for the commercial banks as at the end of November 2015, the bulletin said that the broad money and clearance to the deposits in riyals was 25.3 per cent. The combined money and clearance to the gross deposits was 22.2 per cent. The total percentage of loans to the deposits was 102.1 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 14 per cent. The rate of foreign assets to the total assets was 10.4 per cent. Foreign liabilities to the total liabilities were 17.6 per cent.
The on-demand deposits to the total private deposits were 32.6 per cent. The capital and reserves to the total deposits was 18.2 per cent. Meanwhile, the rate of allocations and the retained interests to the total credit was 3.4 per cent. — ONA