5% rise in financial sector deposits

Business Sunday 26/July/2020 15:30 PM
By: Times News Service
5% rise in financial sector deposits

Muscat: Deposits at the financial sector rose by 5.7 per cent to OMR24.1 billion in the Sultanate by the end of May 2020, compared to May 2019.
A recent report released by Central Bank of Oman showed that deposits of the private sector at the financial sector posted an increase of 9.3 per cent to OMR16.1 billion by the end of May 2020.
A look at the private sector’s database indicates that individuals’ sector constituted 50.8 per cent of the deposits, followed by non-financial and financial companies sector (30.4 per cent and 16.2 per cent, respectively, while the rest 2.6 per cent) went to other sectors.