Oman's private deposits up by 7.4 percent

The value of private deposits at Oman's commercial banks at the end of May 2011 stood at 7.47 billion Omani riyals compared to 6.95 billion Omani riyals in the corresponding period last year, an increase of 7.4 per cent, according to a monthly statistical bulletin. The gross value of the deposits at the end of May 2011 includes time deposits (2.58 billion Omani riyals), saving deposits (2.37 billion Omani riyals) and demand deposits (2.42 billion Omani riyals), showed the monthly statistical bulletin published by the Central Bank of Oman (CBO). Deposits in riyals stood at 6.89 billion Omani riyals, while deposits in foreign currencies stood at 578.8 million Omani riyals, according to the bulletin. The ratio of broad money supply and clearance to the deposits in riyals was 12.8 per cent, while the ratio of combined money and clearance to gross deposits stood at 10.8 per cent. The total proportion of loans to liabilities was 101.9 per cent. The rate of foreign currency deposits to the total deposits was 15.1 per cent, while the rate of foreign assets to the total assets was 10.6 per cent. The ratio of foreign liability to the total liabilities was 8.6 per cent, it indicated. The on-demand deposits ratio to the total private deposits was 32.3 per cent, while the ratio of capital and reserves to the total deposits was 18.5 per cent. The rate of allocations and retained interests to the total credit was 4 per cent.