Oman

BMI View: Oman's monetary and banking indicators have experienced a sustained recovery, with assets of commercial banks increasing by 20.0% y-o-y to OMR19.9bn (US$51.7bn) in July, according to Central Bank of Oman (CBO) data. Cash on hand and deposits of commercial banks with the CBO increased by 34.7% y-o-y to OMR1.5bn in July, while total credit expanded by 19.3% to OMR13.8bn in the same period. On the liabilities side, total deposit of commercial banks grew by 19.6% y-o-y to reach OMR13.5bn in July.

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