MUSCAT : Data from the Oman Credit Bureau ‘Mala’a’ confirm that there has been a 156% increase, over the last ten years (2012 to 2022), in the number of Omani women who own bank accounts. The percentage of accountholders is higher among the younger generation – 32% of Omani women aged 18 to 25 have an open bank account, compared to 23% of women aged 31 to 40.
The last ten years have also seen a steady growth in the number of women with credit facilities; the number of women who own a debit bank account has nearly doubled, compared to ten years ago. Data for the year 2021 indicate that approximately 42% of Omani women have credit facilities, compared to only 22% in 2011.
Omani women also showed a high reliability of debt repayment, as statistics indicate that more than 95% of Omani women showed a positive behavior towards the payment of dues.
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Personal loans are among the most prevalent credit facilities among women. Positive indicators of financial behavior among women have given lenders an opportunity to gain access to a market that has previously not received much attention.
