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FINANCIAL NEWS
Oman’s private sector to grow at 15.1 percent
20 Jun 2016
(MENAFN) Oman’s banking sector has continued to increase this year marked by increases in the wholes including credit, deposits and provision coverage.
Additionally, of all assets of the commercial banks, this grew by 7.7 percent to USD74.05bn this year from USD68.61bn a year ago.
The Sultanate’s economy has to contend with the challenges associated with the global and local slowdown in economic activity.
Moreover, total deposits also posted a notable increase to USD4.45bn in April 2016 from USD2.07bn at the end of April 2015.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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