Bank credit in Oman expands to RO 35 billion

MUSCAT: Total credit extended by Oman’s banking sector reached around RO 35 billion by the end of November 2025, representing an increase of 8.8 per cent. Credit to the private sector grew by 6.9 per cent to RO 28.7 billion, reflecting sustained lending activity.

Data from the Central Bank of Oman showed that the largest share of credit went to the non-financial corporate sector, accounting for 47.2 per cent, followed closely by the personal sector at 44.3 per cent. The financial corporate sector received 5.7 per cent, while other sectors accounted for the remaining 2.8 per cent.

Total banking sector deposits rose by 7.2 per cent to reach RO 33.8 billion by the end of November 2025, indicating continued growth in liquidity.

Private sector deposits increased by 9.9 per cent to RO 22.8 billion over the same period. In terms of distribution, the personal sector held the largest share at 49.6 per cent, followed by non-financial corporates at 31 per cent and financial corporates at 17.3 per cent, with other sectors accounting for the remaining 2.1 per cent. — ONA