Muscat: According to the latest data, credit granted to the private sector grew by 3.6% to reach RO 20.7 billion, signaling increased lending activity across businesses and individuals.
The banking sector’s total investments in securities saw a significant jump of 20.5%, reaching approximately RO 6 billion.
- Investment in government development bonds increased by 7.3% to RO 2 billion.
- Foreign securities investment saw a notable rise of 30.3%, totaling RO 2.3 billion.
On the liabilities side, total deposits at conventional commercial banks climbed 6.2% to RO 25.1 billion.
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- Government deposits increased by 5.3% to RO 5.3 billion.
- Public sector institution deposits surged 11% to RO 2.5 billion.
- Private sector deposits grew 4.9%, reaching RO 16.4 billion, and accounted for 65.3% of total deposits.
