Oman bank lending rises 20% in H1 - Muscat Daily|Oman Newspaper

The total credit of Oman's six listed commercial banks grew by nearly 20 per cent in the first half of 2012, driven by the expansion of project-based lending to the corporate sector and government entities, along with growth in retail loan books. As local banks bolstered their loan portfolios, total loans and advances extended by the six listed banks climbed to RO11.17bn as of June 30, 2012, compared to RO9.31bn as of June 30 2011, according to the financial statements of commercial banks.

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