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Oman News

Credit granted by Oman’s banking sector rises 5.1%

The monthly bulletin of the CBO indicated that the total credit balance granted by conventional commercial banks recorded an increase of 5.1%

TAS News Service

info@thearabianstories.com

Saturday, August 19, 2023

MUSCAT – The monthly bulletin issued by the Central Bank of Oman indicated that the total credit balance granted by conventional commercial banks recorded an increase of 5.1% by the end of June 2023, to reach OMR 20.2 billion.

On the other hand, the total investment of traditional commercial banks in securities decreased by 5.9%, to about OMR 4.6 billion by the end of June.

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