Private deposits at Oman's commercial banks rise 3.7%

Muscat: Private deposits at commercial banks in Oman at the end of August 2016 rose by 3.7 per cent to OMR12.02 billion compared to OMR11.60 billion in the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).
The gross value for these deposits as of the end of August 2016 includes the time deposits that stood at OMR3.66 billion, savings deposits of OMR4.45 billion and demand deposits of OMR3.56 billion, the report further added.
The bulletin pointed out that the total value for these deposits include OMR11.09 billion and OMR923.3 million in foreign currencies.
As for the banking indicators for the commercial banks at the end of August 2016, the bulletin said that the broad money and clearance to the deposits in riyals was 8.1 per cent. The combined money and clearance to the gross deposits was 7 per cent. The total percentage of loans to the deposits was 104.1 per cent.
The rate of foreign currency deposits to the total deposits was 13.9 per cent. The rate of foreign assets to the total loans was 13.6 per cent. The rate of foreign assets to the total assets was 10.5 per cent. The foreign liabilities to the total liabilities was 11.2 per cent.
The on-demand deposits to the total private deposits was 29.4 per cent. The capital and reserves to the total deposits was 19.6 per cent. The rate of allocations and the retained interests to the total credit was 3.5 per cent.