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FINANCIAL NEWS
Oman’s inflation grows in Q1 to 2.33pct
29 May 2017
(MENAFN) Oman’s average annual inflation amid the Jan-March period of the year reached 2.33 percent due to revision in fuel prices, transport costs, education and other user charges.
Moreover, the gross non-performing loans as a proportion of whole loans and advances reached 2.1 percent at the end of Dec 2016.
Additionally, the joined balance sheet of conventional and Islamic banks provides a complete overview of the financial intermediation taking place in the banking system in Oman.
Whole deposits recorded an increase of 7.5 percent at OMR21.4bn at the end of March this year, while private sector deposits of the banking system posted an increase of 6.6 percent.
MENAFN2905201700450000ID1095519356
MENAFN2905201700450000ID1095519356
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