Bank lending in Oman grows 4.9% in September
Published 14 Nov,2021 via Muscat Daily–Bank lending in Oman has shown signs of revival in past few months and credit growth has further increased in September, the Central Bank of Oman’s (CBO) data showed.
Oman’s bank loan growth picked up in September 2021 to 4.9 per cent, signaling that the sultanate’s economic recovery is continuing into the fourth quarter of this year.
Total outstanding credit extended by Oman’s banking sector grew by 4.9 per cent year-on-year to reach RO27.7bn at the end of September 2021, according to the CBO data published by Oman News Agency.
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Muscat Daily