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 househo...
Source: omanobserver.om