Total credit in Oman grows by 11.4pct

30 Oct 2016

(MENAFN) Total credit increased by Omani banks, including Islamic financial institutions, reached OMR21.7bn at the end of August this year.

Moreover, total deposits recorded an increase of 6.3 percent to OMR20.7bn at the end of the cited period.

In addition, the share of households was 49 percent of the total private sector deposit base, followed by non-financial corporations at 28 percent.

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