Muscat: The total outstanding credit extended by other depository corporations stood at OMR25.8 billion as at the end of November 2019, a rise of 3.0 per cent over the level witnessed a year ago, according to the report issued by the Central Bank of Oman (CBO). Credit to the private sector increased by 2.6 per cent to OMR22.8 billion as at the end of November 2019. Of the total credit to the private sector, the non-financial corporate sector stood at 46.1 per cent followed by the household sector (mainly under personal loans) at 45.2 per cent, financial corporations at 5.4 per cent and other sectors the remaining 3.4 per cent. Total deposits registered a growth of 1.7 per cent to OMR23.2 billion as at the end of November 2019. Private sector deposits of the banking system registered a growth of 2.3 per cent to OMR14.8 billion as at the end of November 2019. Sector-wise, the share of households was 50.5 per cent of the total private sector deposit base, followed by non-financial corporations at 29.5 per cent, financial corporations at 17.7 per cent and the other sectors at 2.3 per cent. © Muscat Media Group Provided by SyndiGate Media Inc. (Syndigate.info). Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
