Muscat: The total outstanding credit extended by other deposit corporations (ODCs) grew by 5.4% to RO 27.8 billion as at the end of November 2021, according to the data of the Central Bank of Oman (CBO).

The credit granted to the private sector recorded a moderate growth of 2.3% to reach RO 23.4 billion at the end of November 2021.

The non-financial corporate sector received the highest share of the total private sector credit, over 46.5%, followed by the household sector accounted for 45.2%. The share of financial corporations was 4.7% and other sectors received the remaining 3.6% of the total private sector credit as of the end of November 2021.

Total deposits held with ODCs registered a Y-o-Y growth of 5.7% to reach RO 25.4 billion as of the end of November 2021. Total private sector deposits increased by 5.3% to RO 17.3 billion.

In terms of the sector-wise composition of private sector deposits, the biggest share was to households’ deposits at 51.2%, followed by non-financial corporations at 31.7%, financial corporations at 14.2% and the other sectors at 2.9%.