This Week’s Economic Bulletin

Muscat, The total value of private deposits at the commercial banks in the Sultanate as of the end of January 2019 witnessed a slight decrease by 0.76% to RO12,500.5 million compared to RO12,595.1 million in the corresponding period in 2018.

The monthly statistical bulletin published by the Central Bank of Oman (CBO) pointed out that the gross value for these deposits as of the end of January 2019 includes the time deposits stood at RO4,064.3 million,

RO4.605.8 million saving deposits and RO3.592.1 million on demand deposits.

The bulletin pointed out that the total value for these deposits include

RO11,388.5 million and RO1,112.0 million in foreign currencies.

As for the banking indicators for the commercial banks as at the end of January 2019, the bulletin said that the broad money and clearance to the deposits in Riyals was 8.9%. The combined money and clearance to the gross deposits was 7.8%. The total percentage of loans to the deposits was 111%.

The rate of foreign currency deposits to the total deposits was 11.9%. The foreign currency loans to the total loans was 15.7%. The foreign assets to the total assets was 9.6%. The foreign liabilities to the total liabilities was 12.3%.

The on-demand deposits to the total private deposits stood at 28.8%. The capital and reserves to the total deposits was 25.8%. The rate of allocations and the retained interests to the total credit was 3.6%.

Source: Oman News Agency