Credit granted by Oman’s banking sector rises by 9% to 34.7bn

Muscat: The total credit granted by the banking sector in the Sultanate of Oman witnessed an increase of 9 percent reaching OMR34.7 billion by the end of October 2025 while credit granted to the private sector recorded a growth of 5.8 percent to reach OMR28.3 billion.

Data issued by the Central Bank of Oman (CBO) indicated that this credit was distributed across various sectors, with the non-financial corporate sector receiving the largest share at 46.8 percent, followed by the individuals sector at 44.7 percent, while the remaining percentage was distributed between the financial corporate sector at 5.7 percent and other sectors at 2.8 percent.

The data further showed that total deposits in the banking sector recorded a growth of 3.5 percent reaching approximately OMR33 billion by the end of October 2025. Within this total, private sector deposits in the banking system increased by 9.4 percent to reach OMR22.3 billion.

Regarding the distribution of the total deposit base for the private sector, statistics showed that the personal sector accounted for the largest share at 50.4 percent, followed by the non-financial corporate sector and the financial corporate sector with shares of 30.3 percent and 17.2 percent respectively, while the remaining 2.1 percent was distributed among other sectors.