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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.

Total deposits in Oman s banking sector grow 2 9% to OMR24 3bn

By: Times News Service Muscat: Data issued by the Central Bank of Oman (CBO) indicated that the total deposits held with ODCs (other depository corporations) reached OMR24.3 billion at the end of December 2020, increasing by 2.9 per cent from December 2019. Meanwhile, total private sector deposits increased by 10.5 per cent to OMR16.8 billion. As per the preliminary data released by National Centre for Statistics and Information (NCSI), Oman’s nominal GDP showed a decline of  16.5 per cent during the third quarter of 2020 over the same period of the year 2019. The contraction was driven by a 24.4 per cent decline in the hydrocarbon sector coupled with the decline in the non-hydrocarbon sector by 12.4 per cent during the third quarter of 2020.

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