Credit extended by Oman's banking sector rose by 8.4% to OMR34.1bn

Muscat: The total credit extended by Omani banking sector institutions and companies rose by 8.4 percent to OMR34.1 billion by the end of June 2025.

A report issued by the Central Bank of Oman (CBO) indicated that credit granted to the private sector recorded a growth of 6.6 percent reaching OMR28 billion by the end of June 2025.

The report indicated that the non-financial corporate sector accounted for the largest share, representing 45.9 percent, followed by the individual sector at 44.2 percent. The remaining share was distributed between the financial corporate sector at 6.2 percent and other sectors at 3.7 percent.

Total deposits in the banking sector grew by 7.6 percent to reach OMR33.0 billion by the end of June 2025. Within this total, private sector deposits in the banking system witnessed a 6 percent increase to reach OMR21.9 billion by the end of June 2025.

Data on its distribution across various sectors indicates that the non-financial corporate sector accounted for the largest share, representing 45.9 percent by the end of June 2025, followed by the individual sector at 44.2 percent. The remaining share was distributed between the financial corporate sector at 6.2 percent and other sectors at 3.7 percent.