Bank credit vol­ume ex­ceeds RO20bn

Muscat Daily - - FRONT PAGE -

Muscat - The to­tal bank credit of com­mer­cial banks in the sul­tanate by the end of June 2017 stood at RO20,108.6mn com­pared to RO19,348.1mn dur­ing the same pe­riod of 2016, com­pris­ing an in­crease of 3.9 per cent.

The Sta­tis­ti­cal Quar­terly Bul­letin is­sued by the Re­search and Statis­tics Depart­ment of the Cen­tral Bank of Oman (CBO) said that the per­sonal loans sec­tor ob­tained RO8,058.9mn, 40.1 per cent of the to­tal bank credit to com­mer­cial banks. The con­struc­tion sec­tor ob­tained RO2,197.3mn with 10.9 per cent. The ser­vice sec­tor ob­tained RO1,776.2mn, with 8.8 per cent, fol­lowed by the in­dus­trial sec­tor at RO1,394.7mn, with 6.9 per cent.

The bul­letin pointed out that the im­port sec­tor got RO1,128.9mn, with 5.6 per cent. Elec­tric­ity, gas and wa­ter got RO1,057.3mn, com­pris­ing 5.3 per cent of the to­tal credit vol­ume.

The fi­nan­cial in­sti­tu­tions sec­tor got RO1,041.5mn, with 5.2 per cent. The min­ing sec­tor (min­ing and quar­ry­ing) got RO942.8mn, with 4.7 per cent.

Trans­port and Com­mu­ni­ca­tions sec­tor got RO796.1mn, with 4 per cent, fol­lowed by the whole­sale and re­tail trade sec­tor, which got RO787.2mn, with 3.9 per cent.

The agri­cul­ture and re­lated ac­tiv­i­ties sec­tor got RO57.1mn, with 0.3 per cent. The ex­port sec­tor got RO15.2mn, with 0.1 per cent, fol­lowed by the govern­ment sec­tor with RO3.7mn, by 0.02 per cent of the to­tal loans that are granted to the eco­nomic sec­tors.

The bul­letin pointed out that the size of the bank credit of com­mer­cial banks in the sul­tanate for other eco­nomic ac­tiv­i­ties amounted to about RO600.8mn, by 3 per cent, while bank credit size for non-res­i­dents amounted to RO250.5mn, by 1.2 per cent of the to­tal vol­ume of bank credit by the end of June 2017.

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