MUSCAT: The total value of private deposits with commercial banks in the Sultanate at the end of June of increased by 4.86 percent to reach OMR 14 billion and 740.2 million compared to OMR 14 billion and 56.7 million during the same period last year.

The monthly statistical bulletin issued by the Central Bank of Oman stated that the total value of those deposits was term deposits amounting to OMR4 billion and 826.7 million, savings deposits amounting to OMR54.898 million and demand deposits amounting to OMR4 billion and 142.14 million.

The bulletin clarified that the total value of deposits represented OMR 13.4 billion and OMR 540.9 billion in foreign currencies.

As for the banking indicators of Omani commercial banks in percentage at the end of last June, the bulletin stated that the ratio of total cash and clearing to deposits in Omani riyals was 7.2 percent, while the ratio of total cash and clearing to total deposits was 6.3 percent, while the ratio of total loans to deposits reached 109.3 percent.

The ratio of deposits in foreign currency to total deposits amounted to 12.6 percent, while the ratio of foreign assets to total loans amounted to 12.9 percent, and the ratio of foreign assets to total assets was 7.6 percent, while the ratio of foreign liabilities to total liabilities amounted to 13.2 percent.

The total private deposits amounted to 27.7%, and the ratio of capital and reserves to total deposits amounted to 25.6 percent, while the percentage of provisions and retained interests to total credit amounted to about 4.8 percent