Banking Sector Credit Surpasses RO 34 Billion: What This Means for Investors and Businesses in Oman
MUSCAT: The banking sector in Oman witnessed a notable expansion in outstanding credit, which grew by 8.9% to reach RO 34.1 billion by the end of July 2025, according to data released by the Central Bank of Oman (CBO).
Credit extended to the private sector rose by 6.4%, totaling RO 27.9 billion by the same period. Within this private sector credit, non-financial corporations held the largest share at 46.6%, followed closely by individuals at 44.8%. Financial corporations accounted for 5.7%, while other sectors made up 2.9%.
In parallel, total deposits in the banking sector increased by 6.1%, reaching RO 32.9 billion at the end of July 2025. Deposits from the private sector climbed by 5.8% to RO 21.9 billion.
Analyzing the composition of private sector deposits reveals that individuals contributed the largest portion at approximately 51.0%, followed by non-financial corporations at 29.4%, financial corporations at 17.6%, and other sectors comprising 2.3%. — (ONA)
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The 8.9% growth in outstanding credit, driven significantly by non-financial corporations and individuals, signals robust private sector demand and confidence in Oman’s economy. For businesses, this growth presents opportunities for expansion and investment, but also underscores the need for careful risk management amid rising credit exposure. Smart investors should monitor credit quality and sectoral shifts closely, positioning themselves to capitalize on emerging sectors while safeguarding against potential defaults.
