Deposits of commercial banks in the Sultanate of Oman increased by 10.8 percent last December, to reach 14 billion and 441 million Omani riyals, compared to 13 billion and 31.4 million Omani riyals during the same period of 2019.
According to the monthly statistical bulletin issued by the Central Bank of Oman, the total value of these deposits was represented by time deposits amounting to 4 billion and 828.6 million Omani Rials, savings deposits amounting to 5 billion and 362.7 million Omani Rials, and demand deposits amounting to 3 billion and 976 & 3 million Omani Rials.
The total value of deposits amounted to 12 billion and 4.884 million Omani Rials and 5.1556 million Omani Rials in foreign currencies. The ratio of total cash and clearing to deposits in Omani riyals was 7.9%, while the ratio of total cash and clearing to total deposits was 6.9%, and the ratio of total loans to deposits was 108.8%. The ratio of foreign currency deposits to total deposits was 13.2%, while the ratio of foreign currency loans to total loans was 18.2%, and the ratio of foreign assets to total assets was 8.1%. As for the ratio of foreign liabilities to total liabilities, it reached 12.4%.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
