VOL. XLII

No. 22

31-May-1999

OMAN

Oman Banking Statistics Show Shift In Deposits And IncreasedLending

The latest statistics released by the Central Bank of Oman(CBO) reveal a 1.4% increase in the broad money measure (M2), which reachedOR2,098mn ($5,449mn) at the end of March, compared to the same period lastyear. However, according to a statement released by the bank, Omani riyal timedeposits, margins and forex deposits increased by 5.4% over the precedingyears figure to reach OR1,590mn...