Banking sector credit tops RO 34 billion

MUSCAT: The total outstanding credit extended by the banking sector in the Sultanate of Oman grew by 8.9%, reaching RO 34.1 billion at the end of July 2025.
According to data issued by the Central Bank of Oman (CBO), credit granted to the private sector rose by 6.4% to RO 27.9 billion by the end of July 2025.
Figures on the distribution of credit to the private sector showed that non-financial corporations accounted for the largest share at 46.6%, followed by individuals at 44.8%. The remaining credit was distributed to financial corporations at 5.7% and other sectors at 2.9%.
Meanwhile, total deposits in the banking sector increased by 6.1% to RO 32.9 billion at the end of July 2025.
Within this total, private sector deposits with the banking system rose by 5.8% to RO 21.9 billion.
The distribution of the private sector’s total deposit base showed that individuals accounted for the largest share at around 51.0%, followed by non-financial corporations (29.4%) and financial corporations (17.6%), with the remaining 2.3% spread across other sectors. — (ONA)