Banking sector continued its robust performance consistent with overall growth of the economy. Total assets of commercial banks increased by 21.5 per cent to RO19.17million in April 2012 compared to RO15.78 million in April 2011.
Cash on hand and deposits of commercial banks with the Central Bank of Oman (CBO) stood higher at RO1,165.2 million at the end of April 2012 compared to RO977.1 million in April 2011.
On a year-on-year basis, total credit expanded by 20.8 per cent to RO13,312.8 million at the end of April 2012 and accounted for 69.4 per cent of the total assets.
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