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Private deposits of Omani banks grow

Private deposits at commercial banks in the Sultanate as at the end of September 2015 rose by 7.98 per cent to OMR11,575.6 million from OMR10,719.5 million in the same period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).

Private deposits at commercial banks in the Sultanate as at the end of September 2015 rose by 7.98 per cent to OMR11,575.6 million from OMR10,719.5 million in the same period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).
These deposits include time deposits that stood at OMR3,178.4 million, savings deposits of OMR4,273.7 million and demand deposits of OMR3,849.2 million, the report added. The bulletin pointed out that the total value of these deposits include OMR10,712.3 million and OMR863.3 million in foreign currencies.
As for the banking indicators for the commercial banks as at the end of September 2015, the bulletin said that the broad money and clearance to the deposits in rials was 26 percent. The combined money and clearance to the gross deposits was 22.6 percent. The total percentage of loans to the deposits was 100.2 percent.
The rate of foreign currency deposits to the total deposits was 13.1 percent. The rate of foreign assets to the total loans was 14 per cent and the rate of foreign assets to the total assets was 9.8 percent. The foreign liability to the total liabilities was 15.3 percent.
The ratio of on-demand deposits to the total private deposits was 33 percent. The capital and reserves to the total deposits was 18.1 percent. The rate of allocations and the retained interests to the total credit was 3.4 percent.

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