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FINANCIAL NEWS
Banks in Oman post 10pct increase in credit at OMR22bn
14 Feb 2017
(MENAFN) Oman’s fiscal institutions, involving Islamic banks, have achieved a 10.1 percent increase at OMR22.1bn by the end of Dec 2016.
Moreover, credit to the private sector grew by 10.1 percent to OMR19.7bn by the cited period, while the household sector reached 46.5 percent.
In addition, total deposits recorded an increase of 5.2 percent to OMR20.4bn at the end of the cited period.
Credit to the private sector grew by 8.2 percent to reach OMR17.5bn at the period, whereas conventional banks’ overall investments in securities hit OMR2.4bn.
MENAFN1402201700450000ID1095246460
MENAFN1402201700450000ID1095246460
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