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FINANCIAL NEWS
Oman’s private deposits grow by 3.7pct
06 Nov 2016
(MENAFN) Private deposits at commercial banks in Oman at the end of August 2016 rose by 3.7 percent to OMR12.02bn compared to OMR11.60bn in 2015.
Moreover, the gross value for the deposits includes the time deposits that reached OMR3.66bn, savings deposits of OMR4.45bn and demand deposits of OMR3.56bn.
In addition, the rate of foreign currency deposits to the total deposits was 13.9 percent, while the rate of foreign assets to the total loans was 13.6 percent.
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