Conventional banks’ credit to the private sector increased by 1.2 per cent to about OMR19 billion.
The decision to reduce service fee for patents, utility models and industrial designs for students, research centres and…114 Views | the publication reaches you by | Oman News
Investment in Government Development Bonds and Government Sukuk increased by 15.2 per cent over the year to OMR1.7 billion.
Banks also invested OMR274.7 million in Government Treasury Bills, while their investments in foreign securities stood at OMR1.2 billion at the end of January 2020.
Aggregate deposits held with conventional banks increased to OMR20.1 billion in January 2019, registering a growth of 3.9 per cent over the level a year ago.
Government deposits with conventional banks decreased by 2.9 per cent to OMR5.2 billion, while deposits of public enterprises increased by 24.4 per cent to OMR1.4 billion.
Private sector deposits, which accounted for 65 per cent of total deposits with conventional banks, increased by 4.9 per cent to OMR13.1 billion.
In a significant endorsement that will support exports to European Union (EU) markets, Oman’s largest cement manufacturer, Raysut…294 Views | the publication reaches you by | Oman News
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