Credit granted by Oman’s banking sector rose by 8.6% to OMR34.1bn

Muscat: Total credit granted by the banking sector in the Sultanate of Oman rose by 8.6 percent to OMR34.1 billion by the end of August 2025.

Data released by the Central Bank of Oman (CBO) indicated that credit granted to the private sector grew by 6.5 percent, reaching approximately OMR28 billion by the end of August 2025.

Data on its distribution across various sectors indicated that the non-financial corporate sector accounted for the largest share, representing 46.7 percent, followed by the individual sector at 44.7 percent. The remaining share was distributed between the financial corporate sector at 5.7 percent and other sectors at 2.9 percent.

Total deposits in the banking sector grew by 7 percent to reach OMR33.3 billion by the end of August 2025. Within this total, private sector deposits in the banking system witnessed a 7.5 percent increase to reach OMR22.4 billion.

Regarding the distribution of the total private sector deposit base across various sectors, statistics indicated that the individual sector accounted for the largest share, amounting to approximately 50 percent, followed by the non-financial corporate sector and the financial corporate sector, with shares amounting to 30.6 percent and 17.2 percent, respectively. The remaining 2.2 percent was distributed among other sectors.