Tuesday, March 19, 2024 | Ramadan 8, 1445 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Foreign assets at CBO grow 12.4 per cent

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MUSCAT: As per the initial data issued by the National Centre for Statistics and Information (NCSI), the gross foreign assets at the Central Bank of Oman (CBO) and the private sector deposits at the commercial banks grew by 12.4 per cent and 7.2 per cent respectively as of the end of February 2017, compared to the same period in 2016. The gross foreign assets at the CBO as of the end of February 2017 stood at RO 7,206.5 million, compared to RO 6,412 million as of the end of February 2016. The private sector deposits at the commercial banks stood at RO 13,666 million, compared to RO 12,747 million. The gross loans and finance provided by the commercial banks grew by 8.1 per cent to hit RO 22,206 million, compared to RO 20,544.6 million. The average interest rate on the gross loans increased by 9.1 per cent to register 4.5 per cent as of the end of February 2017, compared to 4.5 per cent as of the end of February 2016. The data pointed out that the money issued (circulated) as of the end of February 2017 declined by 2.5 per cent to RO 1,626 million, compared to RO 1,667 million as of the end of February 2016. — ONA


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