Pri­vate de­posits at Oman’s com­mer­cial banks rise 2.5%

Muscat Daily - - BUSINESS -

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.

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