JEDDAH: Loans extended by Oman’s commercial banks exceeded their deposit base at the end of June, with the loan-to-deposit ratio reaching 102.9 percent, according to official data.
Private sector deposits rose 12.45 percent year on year to 19.37 billion Omani rials ($50.4 billion), Oman News Agency, known as ONA, reported, citing the Central Bank of Oman’s monthly statistical bulletin.
The latest figures come as Oman’s economy continues to expand. The International Monetary Fund expects real GDP growth of about 3.7 percent in 2026, driven by higher oil production, while non-hydrocarbon growth is expected to remain positive, supported by broad-based economic activity.
The IMF said in June that Oman’s banking sector remained resilient, supported by comfortable capital and liquidity ratios, strong asset quality and profitability.
Deposit composition
