Private deposits with Oman banks up 8%

Private deposits with Oman banks up 8%
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Published December 27th, 2015 - 07:54 GMT via SyndiGate.info

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The bulletin pointed out that the total value for the deposits include RO10.86bn and RO925.2mn in foreign currencies (Image: File/photo)
The bulletin pointed out that the total value for the deposits include RO10.86bn and RO925.2mn in foreign currencies (Image: File/photo)

Private deposits at commercial banks in the sultanate at the end of October rose by 8.10 per cent to RO11.79bn, compared with RO10.9bn in the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO).

This includes time deposits of RO3.24bn, savings deposits of RO4.35bn and demand deposits of RO3.93bn, the report added.

The bulletin pointed out that the total value for these deposits include RO10.86bn and RO925.2mn in foreign currencies.

As for the indicators of commercial banks, the bulletin said that the broad money and clearances were 27.7 per cent to deposits in riyals. Combined money and clearances were 24.4 per cent to gross deposits, while the total percentage of loans to deposits was 100.8 per cent.

The rate of foreign currency deposits to total deposits was 12.2 per cent. The rate of foreign assets to total loans was 13.8 per cent. The rate of foreign assets to the total assets was 9.7 per cent. The foreign liabilities to the total liabilities was 16.5 per cent.

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