Deposits with commercial banks in Oman reach OMR15.47bn

Muscat: The total value of private deposits with commercial banks in the Sultanate of Oman increased by 5.9 percent to OMR15.47 billion by the end of September 2023, compared to OMR14.20 billion in the same period in 2022.

The monthly statistical bulletin issued by the Central Bank of Oman (CBO) stated that the total value of these was represented by term deposits amounting to OMR5.47 billion, savings deposits amounting to OMR5.25 billion and demand deposits amounting to OMR4.49 billion.

The bulletin further stated that the total value of deposits represented OMR13.35 billion and OMR1.69 billion in foreign currencies.

With regard to the banking indicators of Omani commercial banks in percentage terms at the end of September, the bulletin showed that the ratio of total cash and clearing to deposits reached 7.2 percent, while the ratio of total cash and clearing reached 6.1 percent, while the percentage of total loans to deposits reached 109.3 percent.

The percentage of deposits in foreign currency to total deposits was 15.3 percent, while the percentage of foreign assets to total loans was 12.5 percent, and the percentage of foreign assets to total assets was 9.6 percent.

As for the ratio of foreign liabilities to total liabilities, it reached 11.3 percent, the ratio of private demand deposits to total private deposits increased to 30.4 percent, the ratio of capital and reserves to total deposits reached 24.1 percent, while the ratio of allocations and retained interest to total credit reached about 5.5. percent.
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