FINANCIAL NEWS

Omani financial institutes’ assets surge by 16pct in Oct

20 Dec 2015

(MENAFN) The overall assets of commercial financial institutions in Oman developed by 15.7 percent to USD73.3 billion in October from USD63.4 billion in last year’s corresponding month.

Credit to the private division climbed by 10.8 percent to reach USD41.4 billion at the end of the cited month, plus the share of the non-financial corporate sector stood at 46.8 percent.

Banks also invested USD763.2 million in Government Treasury Bills as at the end of October, let alone its investments in foreign securities stood at USD1.8 billion in the mentioned month.

Deposits of public enterprises rose by 13.4 per cent to USD2.6 billion at end-Oct, while Government deposits with commercial banks jumped by 0.3 percent to USD13.2 over the same period.

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