The total credit balance granted by Oman's banking sector increased by 3.8 percent to OMR 30.4 billion (US$78.7 billion) by the end of January 2024.
A report issued by the Central Bank of Oman showed that credit granted to the private sector recorded a growth of 4.5 percent, reaching 25.7 billion riyals ($ 66.8 billion) by the end of January 2024. According to the data, non-financial companies accounted for the largest share, which amounted to 45.6 percent by the end of January 2024. It is followed by the retail sector with 45.3 percent. The remaining percentage was distributed among the financial companies sector by 5.3 percent, and other sectors by 3.8 percent.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
