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Muscat: Complete credit score steadiness granted by conventional business banks within the Sultanate of Oman elevated by 0.4 % by the top of April 2024, whereas the credit score granted by business banks rose by 0.4 % to achieve OMR20.3 billion by the top of April 2024.
Complete investments of standard business banks in securities elevated by 28.3 % to achieve about OMR5.7 billion by the top of April 2024, whereas funding in authorities growth bonds (GDBs) decreased by 11.1 % to achieve OMR1.9 billion in comparison with the identical interval final 12 months.
As for conventional banks’ investments in overseas securities, they elevated by 133.8 % to achieve OMR2.2 billion by the top of April 2024.
On the liabilities, whole deposits at standard business banks recorded a 9.2 % enhance to achieve OMR24.2 billion by the top of April 2024.
Authorities deposits with business banks elevated by 0.9 % to achieve about OMR5.5 billion, whereas deposits of public sector establishments elevated by 24.5 % to achieve about OMR1.9 billion.
Non-public sector deposits elevated by 8.9 % to achieve OMR16 billion by the top of April 2024, constituting 66.3 % of whole deposits in standard business banks.
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