Total Credit in Oman increases to OMR34.7 billion by end of October 2025

Muscat: The total loans and financing in the Sultanate of Oman reached approximately OMR34.733 billion by the end of October 2025, marking a 9% increase compared to OMR31.875 billion during the same period in 2024, according to data released by the National Centre for Statistics and Information (NCSI).

The data showed that narrow money (M1) increased by 7.3% to OMR7.505 billion by the end of October 2025, compared to OMR6.996 billion at the end of October 2024. Meanwhile, broad money (M2) rose by 3.6% to OMR 25.696 billion, up from OMR 24.808 billion during the same period last year.

The data further indicated that broad money (M2) increased by approximately OMR888 million by the end of October 2025 compared to the end of October 2024, reflecting continued growth in financial and credit activity in Oman.

With regard to deposits, private sector deposits rose by 9.4% to OMR22.306 billion by the end of October 2025, compared to OMR20.384 billion during the same period in 2024.

In addition, foreign assets of the Central Bank of Oman (CBO) increased by 0.6% to OMR7.253 billion by the end of October 2025, compared to OMR7.209 billion in the corresponding period.

Conversely, the average interest rate on total loans declined by 3.3% to 5.44% by the end of October 2025, down from 5.63% during the same period in 2024, while the effective exchange rate index of the Omani Rial remained stable at 116.4 points.