Bank lending in Oman rises 8% in May

MUSCAT: Credit extended by the Omani banking sector grew by 8 per cent by the end of May 2025, reaching a total of RO 33.6 billion, according to new data from the Central Bank of Oman (CBO).

Private sector lending rose by 6.8 per cent to RO 27.9 billion. Of this, the non-financial corporate sector held the largest share at 46.4 per cent, followed by the individual sector at 44.2 per cent. The financial corporate sector accounted for 5.7 per cent, with the remaining 3.7 per cent distributed across other segments.

Meanwhile, total deposits in the banking sector climbed 7.9 per cent year-on-year to RO 32.3 billion. Private sector deposits also recorded growth, increasing by 7.4 per cent to RO 21.9 billion. Within this, individuals made up the largest portion at 49.5 per cent, followed by the non-financial and financial corporate sectors at 30.7 per cent and 17.5 per cent, respectively. The remaining 2.3 per cent came from other sectors. — ONA