Private deposits at banks in Oman fall slightly

Muscat: Private deposits at commercial banks in the Sultanate at the end of October 2018 decreased slightly by 0.33 per cent to OMR12.43 billion compared to OMR12.47 billion during the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman.
The gross value for these deposits at the end of October 2018 includes time deposits that stood at OMR4,063.20 million, savings deposits of OMR4,503 million and demand deposits of OMR3,602.10 million, the report further added.
The bulletin pointed out that the total value for these deposits includes OMR11,283.70 million and OMR1,146.60 million in foreign currencies.
As for the banking indicators for commercial banks at the end of October 2018, the bulletin said that the broad money and clearance to the deposits in rials was 7.7 per cent. The combined money and clearance to gross deposits was 6.8 per cent. The total percentage of loans to deposits was 110.9 per cent.
The rate of foreign currency deposits to total deposits was 12.1 per cent. The rate of foreign assets to total loans was 15.5 per cent. The rate of foreign assets to total assets was 10.1 per cent and the rate of foreign liabilities to total liabilities was 12.2 per cent.
The on-demand deposits to total private deposits stood at 28.9 per cent. The capital and reserves to total deposits was 23.1 per cent. The rate of allocations and retained interests to total credit was 3.7 per cent.