Private deposits at commercial banks in the Sultanate as at the end of February 2016 rose by 4.6 percent to RO11,901.3 million compared to RO11,380.7 million in the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).
The gross value for these deposits as of the end of February 2016 includes the time deposits that stood at RO3,392.0 million, savings deposits of RO4,450.6 million and demand deposits of RO3,762.3 million, the report further added. The bulletin pointed out that the total value for these deposits include RO10,960.0 million and RO941.3 million in foreign currencies.
As for the banking indicators for the commercial banks as at the end of February, the bulletin said that the broad money and clearance to the deposits in riyals was 22.2 percent. The combined money and clearance to the gross deposits was 19.4 percent. The total percentage of loans to deposits was 104.8 percent.
The rate of foreign currency deposits to the total deposits was 12.5 percent. The rate of foreign assets to the total loans was 13.5 percent. The rate of foreign assets to the total assets was 9.7 percent. The foreign liability to the total liabilities was 17 percent.
The on-demand deposits to the total private deposits was 31.4 percent. The capital and reserves to the total deposits was 21.1 percent. The rate of allocations and the retained interests to the total credit was 3.4 percent.