24/06/2018 08:32 AST

Private deposits at commercial banks in the Sultanate at the end of the first quarter in 2018 witnessed a slight decline by 0.77 per cent to OMR12.47 billion, compared to OMR12.57 billion in the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).

The gross value of these deposits, as of the end of the first quarter of 2018, includes time deposits that stood at OMR3.86 billion, savings deposits of OMR4.61 billion, and demand deposits of OMR3.75 billion, the report added. The bulletin pointed out that the total value for these deposits reached OMR11.49 billion.

As for the banking indicators for commercial banks as of the end of the first quarter 2018, the bulletin said that the broad money and clearance to deposits in riyals was 8.2 per cent. The combined money and clearance to gross deposits was 7.3 per cent. The total percentage of loans to deposits was 109.3 per cent.

The rate of deposits in foreign currency to total deposits was 11.6 per cent. The rate of loans in foreign currency to total loans was 15.2 per cent. The rate of foreign assets to total assets was 10.3 per cent, and foreign liabilities to total liabilities was 11.8 per cent.

Also, on-demand deposits to total private deposits was 29.5 per cent. The capital and reserves to total deposits was 23.5 per cent. The rate of allocations and retained interest to total credit was 3.4 per cent.


Times of Oman

Ticker Price Volume
SABIC 118.60 3,051,555
EEC 17.96 1,356,411
WALAA 23.70 381,943
JAZIRATKFL 19.00 85,514
STC 81.90 322,056
SACO 71.00 167,636
JABALOMAR 38.30 838,646
Abu Dhabi details Dh50b business programme

19/09/2018

The Abu Dhabi Executive Council’s Executive Committee has revealed the details of the business and investment encouragement tenet as part of the Abu Dhabi Government Accelerators Programme “Ghadan 21

Gulf News

UAE leads in ICT Global Competitiveness Index

19/09/2018

The United Arab Emirates has achieved a new accomplishment in ICT global competitiveness by achieving advanced ranks in the Global Competitiveness Index, according to the results published recently b

The Gulf Today

Government spending reaches Dhs10.44b in Q1

19/09/2018

The value of spending of federal authorities increased to around Dhs10.44 billion during the first quarter of 2018, an increase of 17 per cent compared to Dhs8.92 billion during the same period in 20

The Gulf Today

UAE, Algeria discuss cooperation

19/09/2018

The Ministerial Meeting of the 14th session of the Joint Committee between the UAE and Algeria took place in the Algerian capital, Algiers. The meeting was chaired by Sultan Bin Saeed Al Mansouri, M

The Gulf Today

Over $3.5bn spend to boost Mena film sector

19/09/2018

More than $3.54 billion investment in cinema screens across the Gulf is expected to help the region’s cinema industry expand manifold, said organisers of the upcoming inaugural Mena Cinema Forum in D

Trade Arabia