Saturday 11 / July / 2026
Muscat: An analysis of the activities of traditional commercial banks in the Sultanate of Oman during May 2025 and May 2026 indicates continued growth of credit in the Sultanate of Oman, as the total credit granted by banks recorded an increase of 11.8 percent.
The monthly report issued by the Central Bank of Oman (CBO) indicated that credit granted by conventional banks to the private sector increased by 8.2 percent to reach OMR23.1 billion by the end of May 2026.
The total investments of conventional commercial banks in securities witnessed an increase of 29.8 percent, reaching approximately OMR7.1 billion by the end of May 2026.
Investment in government development bonds rose by 26.3 percent compared to the same period last year, reaching OMR 2.4 billion. Their investments in foreign securities also increased by 36.1 percent, reaching OMR 2.6 billion by the end of May 2026.
On the liabilities side, total deposits with conventional commercial banks recorded an increase of 13.7 percent to reach OMR28.6 billion by the end of May 2026.
Within total deposits, government deposits with commercial banks increased by 9 percent to reach approximately OMR6.3 billion, while public sector institution deposits rose by 42.9 percent to reach approximately OMR2.4 billion during the same period.
Private sector deposits increased by 11 percent to reach OMR19 billion in May 2026, representing 66.3 percent of total deposits with conventional commercial banks.
