Banking sector assets reach 44.6B Omani rials
The 2025 Central Bank of Oman Report highlights the continued economic growth in the Sultanate of Oman, with real GDP expanding by 2.4%. Public debt has decreased to 34.6% of GDP, while the financial position remains stable despite falling oil prices. The banking sector experienced notable growth, with assets totaling 44.6 billion Omani rials, along with increases in credit and deposits. The ratio of non-performing loans remained steady at 4.4%. Economic growth is expected to accelerate to 4.0% in 2026, supported by projected fiscal and external surpluses driven by higher oil revenues and the implementation of structural reforms under Oman Vision 2040.
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