Issue Date: 7 January 2025
Highlights
- CBO’s latest (October’24) data shows that Oman bank’s total credit was up +4.8%YoY and -0.3 % MoM at end-October’24 to OMR 32bn.
- Islamic financing is up 14% YoY and 1.4% MoM (21.1% of total Oman banking credit – the highest level reported). Islamic Deposits were up 24% YoY and -1.2% MoM (20% of total banking deposits) in October ’24.
- Total conventional credit reached OMR 25.1bn (2.7% YoY and -0.7% MoM).
- Broad money (M2) supply expanded by +12.6%YoY while narrow money (M1) went up by 24.8% YoY in October’24.
- CBO’s Foreign assets increased by 13.8% YoY and -3.7% MoM.