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FINANCIAL NEWS
Credit to Oman- private sector grow by 13.1pct
14 Aug 2016
(MENAFN) Credit to the private sector in Oman grew by 13.1 percent to OMR19.2bn at the end of June this year, while the share of household sector reached 46 percent.
Meanwhile, whole deposits posted an increase of 1.8 percent to OMR20.1bn at the cited month this year.
Additionally, the share of households was 50.1 percent of all private sector deposit base, followed by non-financial corporations at 26.7 percent.
On the other hand, the weighted average interest rate on RO deposits jumped from 0.885 percent in June 2015 to 1.182 percent in June this year.
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