Oman’s total credit grew 8.9% to OMR22bn in January
Total credit extended by Omani banks, including Islamic financial institutions, grew by 8.9 per cent year-on-year to OMR22.1bn by the end of January this year. Credit to the private sector alone increased by 10.6 per cent to OMR19.9bn as of the end of January, according to the latest monthly bulletin released by the Central Bank of Oman. Total deposits at Omani banks registered a growth of 6.7 per cent to OMR20.6 billion by the end of January, over the same period of last year.
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