Muscat: The Central Bank’s report highlighted that credit extended to the private sector grew by 5.7 percent, reaching RO 28.2 billion by the end of September. Within this, the non-financial corporate sector accounted for the largest share at 46.7 percent, followed closely by individuals at 44.7 percent. The financial corporate sector represented 5.8 percent, while other sectors collectively made up the remaining 2.8 percent.

In parallel, total deposits in the banking sector also recorded a steady rise of 4.7 percent, amounting to RO 33.1 billion by the end of September 2025. Of this, private sector deposits increased by 7.5 percent to RO 22.3 billion, underscoring growing confidence in the banking system.

The personal sector held the dominant share at 50 percent, followed by non-financial corporates at 30.5 percent and financial corporates at 17.3 percent. The remaining 2.2 percent was attributed to other sectors.