Muscat: Total bank credit of the commercial banks in the Sultanate by the end of December 2015 amounted to OMR18,316.4 million compared to OMR16,898.4 million during the same period of 2014, an increase of 8.4 per cent.
The Statistical Quarterly Bulletin issued by the Research and Statistics Department of the Central Bank of Oman (CBO) said that the personal loans sector obtained OMR7,333.9 million, 40 per cent of the total bank credit to commercial banks. The construction sector obtained OMR2,89.4 million, with 11.4 per cent. The service sector obtained OMR1,500.8 million, with 8.2 per cent, followed by the industrial sector at OMR1,458.1 million, with 8 per cent.
The bulletin pointed out that the import sector received OMR1,78.6 million, with 5.9 per cent. Transport and Communications sector got OMR999.9 million, with 5.5 percent. The financial institutions sector received OMR920.7 million, with 5 per cent. The mining sector (mining and quarrying) got OMR808.4 million, with 4.4 percent.
The electricity, gas and water sector received OMR758.4 million, with 4.1 per cent.
The wholesale and retail trade sector got OMR631.9 million, with 3.5 per cent, followed by agriculture and related activities sector, which got OMR57.6 million, with 0.3 per cent . The export sector got OMR13.8 million, with 0.1 per cent, followed by the government sector at OMR12.1 million, by 0.1 per cent.
The bulletin pointed out that the size of the bank credit to commercial banks in the Sultanate of other economic activities amounted by the end of December 2015 to OMR460.3 million, by 2 per cent, while bank credit size for non-residents amounted to OMR192.5 million, by 1.1 per cent of the total volume of bank credit.