According to official data, the total amount of credit advanced by the banking sector in Oman increased by 8 percent year-on-year to reach 34.5 billion Omani rials ($89.7 billion) by the end of September.
Data released by the Central Bank of Oman indicated that the credit extended to the private sector contributed most of this growth, and it rose by 5.7 percent to 28.2 billion rials.
The non-financial corporations had the highest share of 46.7 percent, and individual borrowers of 44.7 percent.
The financial corporations constituted 5.8 percent, and the rest of the 2.8 percent was taken by other sectors.
Total deposits with the banking sector rose, increasing by 4.7 percent to 33.1 billion rials by the end of September.
These changes in credit and deposit growth are indicative of the wider macroeconomic trends, specifically the growth of the non-hydrocarbon sector within Oman.
The first half of 2025 has seen preliminary national accounts data indicate an increase in non-oil activities of 4.1 percent, which was the primary basis of a 2.3 percent increase in the real gross domestic product.
The growth in the deposits under the private sector was higher at 7.5 percent year-on-year to stand at 22.3 billion rials.
In this segment, individuals had around 50 percent of total deposits, non-financial corporations had 30.5 percent, and financial corporations had 17.3 percent, with other sectors having 2.2 percent.
The total value of real estate transactions to 2.35 billion rials as at the end of September, which is 9.2 percent higher than 2.15 billion rials in the same period in 2024.
The amount of fees charged on all transactions of legal property increased by 74 percent to 85.8 million rials as compared to 49.3 million rials during the same period last year, the Oman state news agency reported and cited data of the National Centre of Statistics and Information.
The value of sale contracts increased by 13.5 percent to 928.6 million rials, and the sale contracts increased by 0.3 percent to 50,175.
Value of mortgage contracts increased by 6.7 percent annually to 1.41 billion rials in 16,432 contracts compared to 1.32 billion rials in 15,145 contracts a year ago.
On the contrary, the exchange contracts value dropped by a margin of 16.6 percent to 8.2 million rials, representing 884 contracts.
The total number of property issues titles rose by 3.5 percent year-on-year to 175,436. However, the titles issued to the nationals of the Gulf Cooperation Council decreased by 10.9 percent to 987, as compared to 1,108 a year ago.
