Oman’s Private Bank Deposits Rise 12% In January 2012

Central Bank of Oman (CBO) announced that Total value of private deposits at the commercial banks in the Sultanate as of the end of January 2012 rose by 12.4 per cent to RO8.127,7 billion compared to RO7.229,4 billion in the corresponding period of 2011.

The monthly statistical bulletin published by CBO pointed out that the gross value for the deposits as of the end of January 2012 includes the time deposits stood at RO3.46,6 billion, RO 2.578,6 billion saving deposits and RO2.415,9 billion on demand deposits, Times of Oman reported.

The bulletin added that the total value for these deposits include RO7.478, 7 billion and RO649 million in foreign currencies. The bulletin said that the broad money and clearance to the deposits in rials was 8.7 per cent.