MUSCAT: The private deposits at commercial banks in the Sultanate as at the end of August rose by 3.7 per cent to RO 12,456.0 million compared to RO 12,0169.0 million in the corresponding period last year, according to the Central Bank of Oman (CBO) bulletin.
The gross value for these deposits as of the end of August 2017 includes the time deposits that stood at RO 3,874.5 million, savings deposits of RO 4,524.4 million and demand deposits of RO 3,753.5 million.
The bulletin pointed out that the total value for these deposits include RO 11,496.9 million and RO 986.1 million in foreign currencies.
As for the banking indicators for the commercial banks as at the end of August, the bulletin said the broad money and clearance to the deposits in riyals was 8.7 per cent. The combined money and clearance to the gross deposits was 7.7 per cent. The total percentage of loans to the deposits was 106.8 per cent. — ONA
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