Oman's Private Bank Deposits Surge 12.45% to Over OMR19 Billion

Private deposits held by commercial banks in Oman have seen a significant increase, rising by 12.45% to reach OMR19.36 billion by the end of June 2026. This marks a substantial jump from OMR17.13 billion recorded during the corresponding period in 2025, according to the monthly statistical bulletin released by the Central Bank of Oman (CBO).

The total value of these private deposits is distributed across different types: term deposits amounted to OMR5.21 billion, savings deposits reached OMR6.53 billion, and demand deposits totaled OMR7.28 billion. The bulletin further indicated that deposits in foreign currencies accounted for OMR2.67 billion of the overall deposit value, which stood at OMR16.59 billion in Omani riyals.

The CBO's report also provided insights into the banking sector's financial health through various ratios. At the end of June 2026, the ratio of total cash and clearing to deposits in Omani riyals was 7 percent, while the ratio of total cash and clearing to total deposits stood at 5.6 percent. The loan-to-deposit ratio was recorded at 102.9 percent.

Further details from the bulletin include the ratio of foreign currency deposits to total deposits, which was 18.9 percent. The ratio of foreign assets to total loans was 15.4 percent, and foreign assets to total assets was 12.5 percent. Meanwhile, foreign liabilities constituted 10.9 percent of total liabilities. The proportion of private demand deposits within total private deposits rose to 39 percent, and capital and reserves represented 21.1 percent of total deposits.