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Private deposits in commercial banks rise by 8.8%
June 6, 2020 | 4:09 PM
by ONA
Photo: ONA
 
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Muscat: Total deposits held with ODCs registered a growth of 8.8 per cent and stood at OMR13,697.7 million at the end of March 2020, compared with OMR12,708 million during the same period in 2019, according to the bulletin issued by the Central Bank of Oman (CBO).

The gross value for these deposits as of the end of March 2020 includes the time deposits that stood at OMR4,612.3 million, savings deposits of OMR4,927.3 million and demand deposits of OMR3,931.9 million, the report further added.

The bulletin pointed out that the total value for these deposits includes OMR12,164.2 million and OMR1,533.5 million in foreign currencies.

As for the banking indicators for the commercial banks as at the end of March 2020, the bulletin said that the broad money and clearance to the deposits in rials was 8.7 per cent.



The combined money and clearance to the gross deposits was 7.6 per cent. The total percentage of loans to the deposits was 108.5 per cent.

The rate of deposits in foreign currency to the total deposits was 13.7 per cent. The rate of loans in foreign currency to the total loans was 17.6 per cent. The rate of foreign assets to the total assets was 10.4 per cent. The foreign liabilities to the total liabilities were 12 per cent.



The on-demand deposits to the total private deposits were 28.3 per cent. The capital and reserves to the total deposits were 24.6 per cent. The rate of allocations and the retained interests to the total credit was 3.8 per cent.

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