Muscat: The figures highlight rising activity in the banking sector and broader economy. Issued cash declined by 9% year-on-year, standing at RO 1.55 billion, compared to RO 1.70 billion in June 2024. Narrow money supply, however, expanded by 7.7%, reaching RO 7.25 billion.
Credit growth was robust, with total loans and financing from commercial banks and Islamic windows climbing 8.4% to RO 34.07 billion, up from RO 31.43 billion in the same period last year. Private sector deposits also saw a healthy 6% rise to RO 21.92 billion.
On the monetary front, the average interest rate on total loans eased slightly by 1.7%, falling to 5.487% from 5.581%. Net foreign assets improved by 4.4%, recording RO 7.30 billion compared to RO 6.99 billion a year earlier.
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The Omani rial’s effective exchange rate index rose marginally by 0.6%, reaching 119.1 points at the end of June 2025 against 118.4 points in June 2024.
