Muscat: According to the latest data released by the Central Bank of Oman (CBO), the total credit balance extended by Omani banks climbed by 9% to reach RO 33.6 billion as of April 2025. This growth was primarily driven by credit to the private sector, which rose by 7% to touch RO 27.8 billion.
Breaking down the distribution, the non-financial corporate sector took the lion’s share of credit at 46.6%, followed closely by individuals at 44%. The financial corporate sector accounted for 5.6% while other sectors made up the remaining 3.7%.
In parallel, total deposits in the banking sector also recorded a healthy 9.3% increase, reaching RO 32.8 billion. Private sector deposits alone grew by 7.1%, standing at RO 21.5 billion by the end of April.
Read More
- Oman’s standard government contracts initiative aims to boost public spending efficiency
- World Bank forecasts 23% rise in global commodity prices in 2026
- Oman signs 28 investment deals worth more than RO 304 million
- Gold prices edge higher as markets await US Federal Reserve decision
- Bank Muscat showcases its banking solutions at “Happy City Journey” as part of Urban October 2026
Within the private sector, individuals continued to dominate deposit activity, holding the largest share at 50.3%, followed by the non-financial corporate sector at 30.4% and the financial corporate sector at 17%. Other sectors held the remaining 2.3%.
