MUSCAT: Credit extended by conventional commercial banks in the Sultanate of Oman increased by 8.5 per cent by the end of November 2025, reflecting continued expansion in banking activity. Credit to the private sector rose by 5.8 per cent to reach RO 21.9 billion during the same period.
On the investment front, total investments by conventional commercial banks in securities grew by 7.4 per cent, reaching around RO 6.4 billion by the end of November 2025.
Investments in government development bonds recorded a 9.5 per cent year-on-year increase to RO 2.2 billion. In contrast, banks’ investments in foreign securities declined by 4.4 per cent to RO 2.3 billion over the same period.
On the liabilities side, total deposits held with conventional commercial banks rose by 6.3 per cent to RO 26.4 billion by the end of November 2025.
Government deposits increased by 7.6 per cent to approximately RO 5.8 billion, while deposits from public sector institutions fell sharply by 25.6 per cent to about RO 1.9 billion during the same period.
Private sector deposits recorded solid growth of 9.5 per cent, reaching RO 17.8 billion in November 2025. These deposits accounted for 67.2 per cent of total deposits at conventional commercial banks. — ONA
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