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Islamic finance jumps 12 3% to RO 4 6 bn during Jan-July

Islamic finance jumps 12 3% to RO 4 6 bn during Jan-July
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2 5pc growth in banking credit to private sector: CBO

2.5pc growth in banking credit to private sector: CBO CBO SHARE Muscat: The total outstanding credit extended by other depository corporations (ODCs) in the Sultanate – comprising conventional and Islamic banks grew by 2.5 per cent RO 25.9 billion at the end of February2020, the Central Bank of Oman (CBO) announced in its newly public review of banking and monetary developments for February 2020. Credit to the private sector rose by 2.5 per cent to RO 22.9 billion, it stated. Of the total credit to the private sector, the non-financial corporate sector and the household sector (mainly under personal loans) received shares of 45.5 per cent and 45.1 per cent, respectively, while the financial corporations received 5.4 per cent and other sectors the remaining 4.0 per cent.

Banking sector credit in Oman rises to RO 27 2 billion: CBO

Banking sector credit in Oman rises to RO 27.2 billion: CBO Published: 10:03 PM, May 12, 2021 7-Banking-sector-credit-climbs-to-RO-27.2-billion -CBO SHARE Rising trend: Islamic banking entities provided financing of RO 4.5 billion at the end of March 2021, recording a growth of 11.0 per cent over that a year ago BUSINESS REPORTER MUSCAT, MAY 12 Data issued by the Central Bank of Oman (CBO) has indicated that the total deposits held with conventional and Islamic banks (also known as other depository corporations or ODCs) registered a Y-o-Y growth of 2.5 per cent to reach RO 24.7 billion at the end of March 2021. Total private sector deposits increased by 7.3 per cent to RO 17.1 billion.

GDB issue evokes good response

GDB issue evokes good response SHARE MUSCAT: The Central Bank of Oman (CBO) announced the results of the 51st issue of Government Development Bonds (GDB) as follow: The total value applied for competitive bids amounted to RO 267.98 million while the total value allotted for the bonds amounted to RO 150 million. The average yield equivalent per cent to the accepted price was 5.57 per cent at price of RO 99 and 470 baisas while the highest yield equivalent was at 5.68 per cent for RO 98 and 640 baisas and the lowest was at 5 per cent for RO 103 and 900 baisas. The 10-year bond will be issued on December 27, 2016 and will mature on December 27, 2026, carrying a coupon rate of 5.5 per cent per annum. ONA

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