Saturday 27 / July / 2024
Muscat: The total value of private deposits with commercial banks in the Sultanate of Oman increased by 7.3 percent to reach OMR15.29 billion at the end of August of this year, compared to OMR14.24 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 by term deposits, amounting to OMR5.16 billion, savings deposits amounting to OMR5.28 billion, and demand deposits amounting to OMR4.71 billion.
The bulletin stated that the total value of deposits represented OMR13.40 billion in Omani rials and OMR1.88 billion in foreign currencies.
As for the banking indicators of Omani commercial banks in percentage terms at the end of August, the bulletin stated that the ratio of total cash and clearing to deposits in Omani riyals reached 7.2 percent, while the ratio of total cash and clearing to total deposits reached 6.1 percent, while the ratio of total loans to deposits reached 109.4. percent.
The ratio of deposits in foreign currency to total deposits was 14.5 percent, while the ratio of foreign assets to total loans was 12.6 percent, and the ratio of foreign assets to total assets was 8.2 percent.
As for the ratio of foreign liabilities to total liabilities, it reached 10.6 percent, the ratio of private demand deposits to total private deposits increased to 30.3 percent, the ratio of capital and reserves to total deposits reached 23.9 percent, while the ratio of allocations and retained interest to total credit reached about 5.5. percent.
