Banking & Finance
Bank credit volume exceeds RO20bn till June 2017
The total bank credit of commercial banks in the Sultanate by the end of June 2017 stood at RO20,108.6mn compared to RO19,348.1mn during the same period of 2016, comprising an increase of 3.9 per cent.
The Statistical Quarterly Bulletin issued by the Research and Statistics Department of the Central Bank of Oman (CBO) said that the personal loans sector obtained RO8,058.9mn, 40.1 per cent of the total bank credit to commercial banks. The construction sector obtained RO2,197.3mn with 10.9 per cent. The service sector obtained RO1,776.2mn, with 8.8 per cent, followed by the industrial sector at RO1,394.7mn, with 6.9 per cent.
The bulletin pointed out that the import sector got RO1,128.9mn, with 5.6 per cent. Electricity, gas and water got RO1,057.3mn, comprising 5.3 per cent of the total credit volume.
The financial institutions sector got RO1,041.5mn, with 5.2 per cent. The mining sector (mining and quarrying) got RO942.8mn, with 4.7 per cent.
Transport and Communications sector got RO796.1mn, with 4 per cent, followed by the wholesale and retail trade sector, which got RO787.2mn, with 3.9 per cent.
The bulletin pointed out that the import sector got RO1,128.9mn, with 5.6 per cent. Electricity, gas and water got RO1,057.3mn, comprising 5.3 per cent of the total credit volume.
The financial institutions sector got RO1,041.5mn, with 5.2 per cent. The mining sector (mining and quarrying) got RO942.8mn, with 4.7 per cent.
Transport and Communications sector got RO796.1mn, with 4 per cent, followed by the wholesale and retail trade sector, which got RO787.2mn, with 3.9 per cent.
Continue Reading
-
Dossier2 months agoDossier, 2026
-
OER Magazines2 months agoOER, February 26
-
Banking & Finance2 months agoSohar International and Sohar Islamic Supports Over 100 Families in Al Wusta Governorate Through Its ‘Sohar Al Attaa’ Initiative
-
Banking & Finance2 months agoNational Finance Unveils Exclusive Ramadan Offers on Auto Financing
-
Economy2 months agoMiddle East Tensions Heighten Risks to Strait of Hormuz, Raising Uncertainty for Global Oil Markets
-
Alamaliktistaad Magazines2 months agoAl-iktisaad, February 26
-
Economy2 months agoAnalysis: Oman-India CEPA Opens Path to Deeper Trade Investment and Growth
-
Economy2 months agoANALYSIS: Oil Near Seven-Month Highs Amid US, Iran Tensions

You must be logged in to post a comment Login