Bank lending in Oman rises 3.8 per cent in June; deposits up 4.2 per cent
Published 17 Aug,2021 via Muscat Daily - Total outstanding credit extended by Oman’s banking sector grew by 3.8 per cent year-on-year to reach RO27.3bn at the end of June 2021, according to the latest statistics released by the Central Bank of Oman (CBO).
Bank credit to the private sector showed a slow growth of 0.8 per cent at RO23.2bn in June this year compared to the same period of 2020, the data showed.
The shares of non-financial corporate sector and household sector (mainly personal loans) in total private sector credit stood at 46.5 per cent and 45.3 per cent, respectively, at the end of June 2021. The share of financial corporations was 4.8 per cent and other sectors received the remaining 3.4 per cent of total private sector credit.
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