Credit granted by banking institutions in the Sultanate of Oman has increased by 12.2% by the end of July 2026, reaching OMR38.3 billion. This growth reflects the health and dynamism of Oman's banking sector and can be seen as a positive sign for the country's economy.
Growth of Credit in the Private Sector
According to published data, credit granted to the private sector during this period grew by 11.5% to reach OMR31.1 billion. This indicates increased confidence in the private sector and its ability to attract financial resources for economic activities.
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Distribution of Credit Across Various Sectors
An analysis of the distribution of credit granted across various sectors shows that the non-financial companies sector accounts for the largest share at 48.2%. This is followed by households at 42.7%. Additionally, the financial companies sector accounts for 5.9% and other sectors for 2.6% of the credit granted.
Alongside this, total deposits in the banking sector also grew by 13.2% to reach OMR37.3 billion. Private sector deposits in the banking system increased by 12.7% to OMR24.7 billion, indicating increased public confidence in the country's banking system.
Distribution of Deposits Among Sectors
In examining the distribution of private sector deposits, it was found that the household sector holds the largest share at 48.5%. Meanwhile, the non-financial and financial companies sectors follow with shares of 35.2% and 14.6%, respectively. Additionally, 1.7% of deposits belong to other sectors.
This upward trend in credits and deposits can be viewed as a positive sign for Oman's economy and can help improve economic conditions and create new investment opportunities. Given the continuous growth in these sectors, it is expected that this trend will continue in the future, leading to the strengthening of economic enterprises and enhancing employment levels in the country.
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