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Islamic Finance Briefing - Categorized | Banking, People more

Sultanate’s banking system sound: CBO

Posted on 21 May 2012

The banking system in the Sultanate has witnessed substantial growth last year as assets of banks reached 18.2 billion rials as against 15.4 billion rials in the previous year, said HE Hamoud Bin Sangour Al Zadjali, Executive President of the Central Bank of Oman (CBO) at the annual bankers meeting that was held at the CBO headquarters on Tuesday.
Total credit of banks stood at 12.2 billion rials at the end of 2011 compared with 10.4 billion rials in 2010 and total deposit stood at 13 billion rials in 2011 compared to 10.6 billion rials in the previous year, he said………………………………………..Full Article: Source

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