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FINANCIAL NEWS
Omani Financial institutes log 10pct rise in credit
22 Dec 2015
(MENAFN) Oman’s commercial banks have accomplished a solid 10.44 percent growth in overall credit to USD47.4 billion throughout a total of 12 months up until last October.
Additionally, the request for credit from the corporate segment is frequently for funding projects, which are either state-owned entities or semi-government-related entities.
On a different note, total deposits at Omani banks climbed slightly by 5.9 percent to USD47 billion for the mentioned timeframe, compared to USD44.3 billion in the previous year.
However, Deposit growth in Oman and other Gulf nations revealed a slowdown, due to the fact that government entities have been extracting their deposits in light of low oil revenues.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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