Loans touch RO 24.7 bil­lion

Oman Daily Observer - - INSIDEOMAN -

MUS­CAT: The to­tal credit extended by banks and other in­sti­tu­tions stood at RO 24.7 bil­lion as at the end of Au­gust 2018, a growth of 7.6 per cent com­pared with the same pe­riod last year, ac­cord­ing to the Cen­tral Bank of Oman (CBO). The credit to pri­vate sec­tor in­creased by 5.4 per cent to RO 21.9 bil­lion as at the end of Au­gust 2018. Of the to­tal credit to the pri­vate sec­tor, the non-fi­nan­cial cor­po­rate sec­tor ob­tained 46.2 per cent fol­lowed by the house­hold sec­tor (mainly per­sonal loans) at 45.4 per cent. — ONA

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