Private deposits at Oman's commercial banks rise 6.13 per cent

28/02/2016 07:46 AST

As of the end of December 2015, private deposits at commercial banks in the Sultanate rose by 6.13 per cent to OMR11.88 billion, compared with OMR11.18 billion in the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).

The gross value for these deposits as of the end of December 2015 included time deposits that stood at OMR3,36 billion, savings deposits of OMR4,39 billion and demand deposits of OMR3,85 billion, the report further added.

The bulletin pointed out that the total value for these deposits included OMR10,96 billion and OMR909 million in foreign currencies.

As for banking indicators for commercial banks as of the end of December 2015, the bulletin said the broad money and clearance of the deposits in riyals was 23.9 per cent.

The combined money and clearance for the gross deposits was 20.9 per cent. The total percentage of loans to the deposits was 102.5 per cent.

The rate of foreign currency to the total deposits was 12.4 per cent. The rate of foreign assets to the total loans was 13.4 per cent. The rate of foreign assets to the total assets was 10.1 per cent. The ratio of foreign liabilities to total liabilities was 16.7 per cent.

The on-demand deposits to total private deposits was 32.2 per cent. The capital and reserves to the total deposits was 18.4 per cent. The rate of allocations and the retained interests to the total credit was 3.4 per cent.

Times of Oman