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FINANCIAL NEWS
Bank deposits in Oman up 11%
10 Apr 2011
(MENAFN) The Central Bank of Oman (CBO) issued numbers showing that the country’s commercial banks had an increase in total value of private deposits by 11.4 percent, year on year, amounting to USD18.77 billion by the end of January, reported Arabian Business.
The CBO said that gross value for term deposits in commercial banks decreased to USD6.845 billion, while the value for saving deposits hit 5.524 billion and demand deposits hit USD6.18 billion.
As for foreign currency deposits, the CBO said that they accounted for 14.5 percent of total deposits.
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