Private deposits at banks in Oman rise
The gross value for these deposits as of the end of May 2018 includes the time deposits at OMR3.83 billion, savings deposits of OMR4.61 billion and demand deposits of OMR3.84 billion, the CBO report said.
MUSCAT: Private deposits at commercial banks in the Sultanate as of the end of May 2018 rose by 1.5 per cent to OMR12.57 billion compared with OMR12.35 billion during the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO). The gross value for these deposits as of the end of May 2018 includes the time deposits that stood at OMR3.83 billion, savings deposits of OMR4.61 billion and demand deposits of OMR3.84 billion, the report further added. The bulletin pointed out that the total value for these deposits includes OMR11.54 billion. As for the banking indicators for commercial banks at the end of May 2018, the bulletin said that broad money and clearance to deposits in rials was 7.4 per cent. Combined money and clearance to gross deposits was 6.5 per cent and the total percentage of loans to the deposits was 108.6 per cent.
The rate of foreign currency deposits to total deposits was 11.8 per cent. The rate of foreign assets to total loans was 14.4 per cent. The rate of foreign assets to total assets was 11.5 per cent, while foreign liabilities to total liabilities was 12.6 per cent.
The on-demand deposits to total private deposits rose by 30.2 per cent. The capital and reserves to total deposits was 23.4 per cent. The rate of allocations and the retained interest to the total credit was 3.5 per cent.