Deposits in commercial banks increase 3 per cent

Muscat: Private deposits at commercial banks in the Sultanate as at the end of May 2016 rose by 3 per cent to OMR12,074.5 million compared to OMR11,722.1 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 May 2016 includes the time deposits that stood at OMR3,501.8 million, savings deposits of OMR4,492.1 million and demand deposits of OMR3,718.5 million, the report further added.
The bulletin pointed out that the total value for these deposits include OMR11,169.0 million and OMR905.5 million in foreign currencies.
As for the banking indicators for the commercial banks as at the end of May 2016, the bulletin said that the broad money and clearance to the deposits in rials was 20.5 per cent. The combined money and clearance to the gross deposits was 18 per cent. The total percentage of loans to the deposits was 107.5 per cent.
The rate of foreign currency deposits to the total deposits was 12 per cent. The rate of foreign assets to the total loans was 13.8 per cent. The rate of foreign assets to the total assets was 9.7 per cent. The foreign liabilities to the total liabilities was 18.6 per cent
The on-demand deposits to the total private deposits was 30.6 per cent. The capital and reserves to the total deposits was 20.5 per cent. The rate of allocations and the retained interests to the total credit was 3.5 per cent.