Private deposits at commercial banks rise 5.6 percent: CBO

CBO

Private deposits at commercial banks in the Sultanate as at the end of January 2016 rose by 5.6 percent to RO 11,954.9 million compared to RO 11,325.6 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 January 2016 includes the time deposits that stood at RO 3,335.5 million, savings deposits of RO 4,367.6 million and demand deposits of RO 3,951.1 million, the bulletin further added.

The bulletin pointed out that the total value for these deposits include RO 11,005.4 million and RO 949.5 million in foreign currencies.

As for the banking indicators for the commercial banks as at the end of January 2016, the bulletin said that the broad money and clearance to the deposits in riyals was 21.7 percent. The combined money and clearance to the gross deposits was 19 percent. The total percentage of loans to deposits was 103.5 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 percent. The rate of foreign assets to the total assets was 10.3 percent. The foreign liabilities to the total liabilities was 16.5 percent.

The on-demand deposits to the total private deposits was 32.9 percent. The capital and reserves to the total deposits was 20.2 percent. The rate of allocations and the retained interests to the total credit was 3.4 percent.


Leave a Reply