Commercial Deposits of Omani Banks Surges 17.5%

Total value of private deposits at the commercial banks in Oman as of end January and February 2012 rose by 17.5 per cent to RO8.278 billion compared to RO7.046 billion in the corresponding period in 2011. 

The monthly statistical bulletin published by the Central Bank of Oman (CBO) pointed out that the gross value for the deposits as of end February 2012 includes the time deposits which stood at RO3.083 billion, RO2.655 billion saving deposits and RO2.447 billion on demand deposits. 

The bulletin pointed out that the total value for these deposits include RO7.642 billion and RO635 million in foreign 
currencies. 

As for the banking indicators for the commercial banks as of the end of January 2012, the bulletin said that the broad money and clearance to the deposits in riyals was 10.6 per cent. The combined money and clearance to the gross deposits was 9.0 per cent. The total percentage of loans to liabilities was 100.7 per cent. 

The rate of foreign currency deposits to the total deposits was 15.5 per cent. The rate of foreign assets to the total assets was 13.4 per cent. The foreign liability to the total liabilities was 9.9 per cent. Times of Oman reported.