Omani bank credit reaches 23.8 billion
The recorded credit balance granted by commercial banks in the Sultanate of Oman at the end of July 2026 increased by 12.7%, reaching 23.8 billion Omani rials, with a growth in credit to the private sector of 11.9%. Additionally, banks' investments in securities saw a 26.2% rise, amounting to 7.3 billion Omani rials, driven by a 20.4% increase in government development bonds and a 30.8% rise in foreign securities investments. On the other hand, private sector deposits grew by 13.9%, reaching 19.3 billion rials, representing 66.1% of total bank deposits, with government deposits increasing by 9.2%, and public sector institutional deposits surging by 57.9%.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)