Private deposits at Oman’s commercial banks rise 2.5%
Private deposits at Oman’s commercial banks rose 2.5 per cent to RO12.37bn as of May 2017 compared to RO12.07bn a year ago, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).
The gross value for these deposits as of May 2017 includes time deposits of RO3.68bn, savings deposits of RO4.57bn and demand deposits of RO3.8bn. The CBO bulletin pointed out that the total value of private sector deposits include RO11.37bn of local currency deposits and RO994.8mn in foreign currencies. The ratio of foreign currency deposits to the total deposits stood at 12.7 per cent as of May 2017.