Credit growth in the retail segment inclusive of housing loans of the six listed Omani banks together dropped considerably to 1.9 per cent in third quarter ending September 2012 compared to its average quarterly growth rate of 8 per cent during the previous three quarters.
“Personal loans including housing loans of the commercial banks grew at a lower rate compared to the corporate segment in Q3′12, against its higher relative growth in the preceding three quarters; the recent restrictions on personal loans by the Central Bank of Oman have impacted loan growth in the retail segment of banks in the third quarter”, says Suresh Kumar S, Research Head at Al Maha Financial Services………………………………………..Full Article: Source