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Oman’s domestic liquidity hits USD37.28b in Q1

13 Sep 2015

(MENAFN) Oman’s domestic liquidity increased by 13 percent in the January-March period from USD32.88 billion to USD37.28 billion, the National Centre for Statistics and Information (NCSI) said.

The total deposits in commercial banks increased by 4.6 percent to USD46.34 billion against USD44.53 billion during first quarter of 2014, on the back of a 12.1 percent growth in private sector deposits.

However, this was considerably offset by a 6.9 percent fall in deposits in the government sector which included ministries, government corporations and public enterprises.

On the other hand, a significant increase in credit awarded to both the public and private sectors pushed up first quarter’s total credit 11.6 percent to USD45 billion as against prior year’s USD40.38 billion.

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