MUSCAT – The consolidated balance sheet data of conventional and Islamic banks, or what is known as other depository corporations within the banking sector in the Sultanate of Oman, revealed an 11.5 percent increase in the total credit balance granted by these corporations.
Regarding the credit granted to the private sector, it recorded a growth of 8.7 percent to reach RO 30.3 billion by the end of May 2026.
The data related to its distribution across various sectors indicates that the non-financial corporate sector acquired the largest share, amounting to 48.1 percent by the end of May 2026, followed by the retail sector at 43.4 percent. The remaining percentage was distributed between the financial corporate sector at 6 percent and other sectors at 2.5 percent.
Total deposits with the banking sector recorded a growth of 13.1 percent, reaching RO 36.5 billion by the end of May 2026.
Within this total, private sector deposits with the banking system witnessed a 10.7 percent increase, reaching RO 24.2 billion by the end of May 2026. When examining the distribution of the total private sector deposit base across various sectors, the figures indicate that the retail sector acquired the largest share at approximately 49.5 percent, followed by the non-financial corporate sector and the financial corporate sector with shares of 33.4 percent and 15.1 percent, respectively. The remaining 2 percent was distributed among other sectors.