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Oman commercial banks' private deposits rise

Oman commercial banks' private deposits rise
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Mubasher: The private deposits at Oman's commercial banks as at the end of November 2015 rose by 4.3% to OMR 11,639.5 million compared to OMR11,155.5 million in the corresponding period last year, Oman News Agency cited a monthly statistical bulletin published by the Central Bank of Oman (CBO) as saying.

 The gross value for these deposits as of the end of November 2015 includes the time deposits that stood at OMR3,208.0 million, savings deposits of OMR4,350.5 million and demand deposits of OMR3,817.4 million, the report further added.

 The bulletin pointed out that the total value for these deposits include OMR10,721.7 million and OMR917.7 million in foreign currencies.

 As for the banking indicators for the commercial banks as at the end of November 2015, the bulletin said that the broad money and clearance to the deposits in riyals was 25.3%. The combined money and clearance to the gross deposits was 22.2%. The total percentage of loans to the deposits was 102.1%.