The role of commercial banks in Oman's economy has been clearly highlighted in recent reports. An analysis of the activities of commercial banks during the period from July 2025 to July 2026 shows that credit granted in the country has generally experienced a growth of 12.7%. Among this, credit granted to the private sector has also increased by 11.9% to reach 23.8 billion Omani Rials.
Growth in Investment in Securities
According to published data, investments by commercial banks in securities have also seen a significant increase. These investments have grown by 26.2% to approximately 7.3 billion Omani Rials by the end of July 2026. In particular, investment in Government Development Bonds (GDB) has increased by 20.4% compared to the previous year, reaching 2.5 billion Omani Rials. Additionally, investment in foreign securities has also risen by 30.8% to 2.7 billion Omani Rials by the end of this period.
Read more: India Recognized with the Strongest Economic Growth Outlook in the World
Increase in Deposits in Commercial Banks
On the other side of the balance sheet, total deposits with commercial banks have also grown by 14.6% to reach 29.3 billion Omani Rials by the end of July 2026. Among the deposits, government deposits have increased by 9.2% to approximately 6.4 billion Omani Rials. Additionally, deposits from public sector institutions have risen by 57.9% to 2.6 billion Omani Rials during the same period. Private sector deposits have also grown by 13.9% to reach 19.3 billion Omani Rials in July 2026, constituting 66.1% of total deposits.
These statistics indicate the continuous and sustainable growth of Oman's banking system and its positive impact on the national economy. As banks continue to provide credit to various economic sectors, this growth trend is expected to contribute to achieving economic development goals in Oman.
Read more: Oman Oil Development Company Signed the Largest Drilling Contract · Oman National Team Seeks Vital Victory Against Saudi Arabia
