Oman July Credit and Deposits Rise

Oman experienced double-digit growth in its banking sector during July 2026, with the total credit balance increasing by 12.2% to reach 38.3 billion Omani rials. Credit extended to the private sector also grew by 11.5% to 31.1 billion rials. Additionally, banking sector deposits rose by 13.2% to reach 37.3 billion rials, with private sector deposits climbing by 12.7% to 24.7 billion rials. The largest share of both credits and deposits was held by the individual and non-financial corporate sectors, reflecting a strong performance of the country’s banking industry.

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