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Bank credit in Oman jumps 8.6% as private lending hits RO 21.6 billion

Conventional commercial banks in the Sultanate of Oman recorded steady growth across key balance sheet indicators by the end of October 2025.

TAS News Service

info@thearabianstories.com

Saturday, December 20, 2025

MUSCAT : Data shows that the total credit balance granted by conventional commercial banks rose by 8.6 per cent by the end of October 2025. Credit extended to the private sector increased by 4.4 per cent, reaching RO 21.6 billion, underscoring continued demand for financing across businesses and individuals.

On the investment front, total investments of conventional commercial banks in securities grew by 5.9 per cent to approximately RO 6.5 billion during the same period. Within this segment, investments in government development bonds recorded a notable 10.6 per cent year-on-year increase, reaching RO 2.1 billion, reflecting banks’ growing exposure to domestic sovereign instruments.

In contrast, investments in foreign securities declined by 3.9 per cent to RO 2.4 billion, indicating a more cautious external investment stance amid global market uncertainties.

On the liabilities side, total deposits with conventional commercial banks increased by 1.4 per cent to RO 25.7 billion by the end of October 2025. Government deposits rose sharply by 9.8 per cent to around RO 5.9 billion, while deposits of public sector institutions fell by 44.7 per cent to approximately RO 1.5 billion.

Meanwhile, private sector deposits strengthened by 8.4 per cent, reaching RO 17.4 billion in October 2025. These deposits accounted for 67.5 per cent of total deposits with conventional commercial banks, reinforcing the private sector’s dominant role in Oman’s banking system.

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