Saturday 06 / July / 2024
Muscat: The total value of private deposits with commercial banks in the Sultanate of Oman decreased at the end of February 2023 by 1.02 per cent, to reach OMR14.46 billion, compared to OMR14.61 billion during the same period in 2022.
The monthly statistical bulletin issued by the Central Bank of Oman (CBO) stated that the total value of these deposits was represented in term deposits amounting to OMR4.66 billion, savings deposits amounting to OMR5.37 billion, and demand deposits amounting to OMR4.66 billion.
The bulletin further indicated that the total value of deposits was OMR13.16 billion and OMR1.444 billion in foreign currencies.
As for the banking indicators of Omani commercial banks as a percentage at the end of last February, the bulletin stated that the ratio of total cash and clearance to deposits in Omani rials amounted to 7 per cent, while the ratio of total cash and clearance to total deposits reached 6.1 per cent, while the ratio of total loans to deposits reached 112 per cent.
The ratio of foreign currency deposits to total deposits was 12.8 per cent, while the ratio of foreign assets to total loans was 15.6 per cent, the ratio of foreign assets to total assets was 8.8 per cent, and the ratio of foreign liabilities to total liabilities was 11.3 per cent.
The ratio of private demand deposits to total private deposits rose to 28.6 per cent, and the ratio of capital and reserves to total deposits reached 26.8 per cent, while the ratio of provisions and retained interest to total credit amounted to about 5.4 per cent.
