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Banking / Investment in Oman

  • First-quarter figures show increase in money supply at Oman’s banks

    OMAN, 2017/06/30 Central Bank of Oman (CBO) statistics show an upswing in money supply part the country’s banks in the initial quarter of 2017, with total deposits to conventional banks rising by 4.2% to OR19.02bn ($49.4bn), compared to increase of 2% in quarter one 2016. The increase was supported by a 6.9% quarter-on-quarter (q-o-q) rise in government deposits to commercial banks between January and March, inclunding q-o-q expansion of 5.7% and 3% in public enterprise deposits and private sector deposits, respectively. In a June statement, ratings agency Moody’s said that 34% of banking system deposits were made by the government and related entities over the period, citing higher oil prices as behind improved national revenues and deposit increase.

  • National Bank of Oman

    OMAN, 2013/07/20 National Bank of Oman, the sultanate's fourth-major lender by market capitalisation, posted a near-flat second quarter net profit, Reuters calculated, beating analyst estimates. The lender made a second-quarter net profit of 10.17 million rials ($26.4 million) compared with 10.3 million rials in the corresponding period in 2012. Net profit for the initial half of the year was 18.77 million rials compared with 19.92 million rials in the prior year period, NBO said in a statement on Oman's bourse.

  • Open up new avenues for investment

    OMAN, 2013/03/28 Efforts to open up new avenues for investment in family owned firms in Oman are gathering momentum as the authorities step up a bid to steer additional local firms towards listing on the sultanate's stock exchange .
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