Deposits by private sector offset the decrease in the government’s

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مصدر الصورة: وكالة الأنباء العمانية

هذه الصفحة متوفرة بهذه اللغة: العربية

18 October 2020

MUSCAT (WAF): Deposits with Omani banks amounted to RO24 billion ($62.4 billion) by the end of August, up by 4.4% compared to the end of August 2019, data issued by the Central Bank of Oman (CBO) shows.

According to CBO’s monthly bulletin, deposits with conventional banks accounted for 84.9% of total deposits, while deposits with the Islamic banking sector accounted for 15%.

The private sector’s deposits accounted for 68.75% at about 16.5 billion Omani Rials ($42.9 billion), with a 10.8% increase compared to August 2019.

The Omani government deposits -represented by ministries and other government units- was approximately 5.75 billion Omani Rials ($14.95 billion) by the end of August 2020, compared to 6.6 billion Omani Rials ($17.16 billion) at the end of August 2019.

The government deposits with conventional banks amounted to RO4.5 billion, a decrease of 16.9% compared to the end of August 2019, and 0.06% higher than at the end of July 2020. And the deposits with Islamic banks and windows was RO1.22 billion by the end of August 2020, an increase of 2.5% than in July 2020 when it reached RO1.19 billion and increased by 5.4%compared to RO1.16 billion in August 2019.