Credit granted by banks in Oman increases by 7.3%

Muscat: The total credit granted by conventional commercial banks in the Sultanate of Oman at the end of September 2025 recorded an increase of 7.3 percent, while credit granted to private sector increased by 4.2 percent to reach OMR21.5 billion.

The total investments of conventional commercial banks in securities witnessed an increase of 15.4 percent reaching approximately OMR6.5 billion by the end of September 2025.

Within this, investment in government development bonds (GDBs) recorded an increase of 5.7 percent compared to the same period last year, reaching about OMR2 billion. These banks’ investments in foreign securities also increased by 21.6 percent to reach OMR2.6 billion by the end of September 2025.

On liabilities side, total deposits with conventional commercial banks increased by 3.2 percent to reach OMR25.8 billion by the end of September 2025.

Within total deposits, government deposits with commercial banks recorded an increase of 8.9 percent to reach approximately OMR5.9 billion while deposits of public sector institutions decreased by 29.3 percent to reach approximately OMR1.7 billion during the same period.

Private sector deposits recorded an increase of 6.9 percent to reach OMR17.3 billion in September 2025, constituting 67.2 percent of total deposits with conventional commercial banks. 

Total asset of Islamic banks
Meanwhile, the total assets of Islamic banks and windows combined rose to about OMR9.2 billion, or 19.7 percent of the total assets of the banking sector in the Sultanate of Oman by the end of September 2025, registering an increase of 12.2 percent compared to the same period last year.

The total outstanding balance of financing granted by the units engaged in this activity recorded an increase of 10.8 percent to reach approximately OMR7.4 billion.

Deposits at Islamic banks and windows also recorded an increase of 10.5 percent, reaching approximately OMR7.3 billion by the end of September 2025.