Private bank deposits up 2.85 per cent

MUSCAT: Private deposits at commercial banks in the Sultanate as at the end of January 2017 rose by 2.85 per cent to RO 12,305.4 million compared to RO 11,954.9 million in the corresponding period last year, according to a monthly statistical bulletin published by the Central Bank of Oman (CBO). The gross value for these deposits as of the end of January 2017 includes the time deposits that stood at RO ,785.9 million, savings deposits of RO 4,461.2 million and demand deposits of RO 3,726.3 million. — ONA