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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.
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