Muscat: The total outstanding credit extended by other depository corporations (ODCs) grew by 3.2 per cent OMR25.9 billion at the end of January 2020. Credit to the private sector rose by 2.9 per cent to OMR22.8 billion, according to the monthly statistical bulletin published by the Central Bank of Oman (CBO).
Of the total credit to the private sector, the non-financial corporate sector and the household sector (mainly under personal loans) received shares of 46.1 per cent and 45.2 per cent, respectively while the financial corporations received 5.3 per cent and other sectors the remaining 3.4 per cent.
Total deposits held with ODCs registered a growth of 4.4 per cent and stood at OMR23.6 billion at the end of January 2020.
Private sector deposits increased by 6.8 per cent to OMR 15.3 billion.
Sector-wise, the share of households in the total private sector deposit was largest at 49.8 per cent, followed by non-financial corporations at 31.1 per cent, financial corporations at 16.9 per cent and the other sectors at 2.2 per cent.