Credit granted by financial sector firms rises 3.3%

Muscat: Data released by the Central Bank of Oman (CBO) show a 3.3 per cent rise, OMR26.5 billion, in the volume of credit offered by Omani financial sector firms by the end of May 2020.
Credited offered to the private sector by the firms rose by 2.6 per cent to OMR23 billion by the end of May.
Non-financial firms garnered 47.1 per cent of the total, followed by individuals segment (44.2 per cent, mostly personal loans) and the rest went to financial sector companies and other segments.