MUSCAT: Credit extended by Oman’s banking sector surged by 8.5% year-on-year, reaching RO 33.4 billion by the end of March 2025, according to the latest data from the Central Bank of Oman (CBO).
Private sector credit accounted for the lion’s share, growing by 6.9% to stand at RO 27.7 billion. Within this segment, non-financial corporations held the largest portion at 46.5%, followed by individuals at 44%. Financial corporations and other sectors comprised 5.8% and 3.7% respectively.
Meanwhile, total deposits in the banking sector grew by 6.7% to RO 32.3 billion. Private sector deposits rose by 5.9% to RO 21.3 billion. Of these, individuals made up the majority at 50.7%, with non-financial and financial corporations contributing 30.5% and 16.5% respectively. Other sectors accounted for 2.3%. — ONA
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