Certificate of Deposit Tender Results
Treasury Bills Tender Result
* Financial Stability Report 2016
Islamic Banking Regulatory Framework
Islamic Banking Regulatory Framework (Arabic)
Government Development Bonds Auction Results – Issue 52 (15/02/2017)
BM 1148 - Issue of 5 Silver Commemorative Coins commemorating the Omani National Crafts (07/02/2017)
Government Development Bonds Auction Results – Issue 51 (22/12/2016)
BM 1147 - Guidelines on Net Stable Funding Ratio (NSFR) and NSFR Disclosures (26/10/2016)
Monthly Statistical Bulletin December 2016
The banking sector remained resilient supporting the economic diversification initiatives and credit needs. The combined balance sheet of conventional and Islamic banks (other depository corporations) taken together, provides a complete overview of the financial intermediation taking place in the banking system in Oman.
Monthly Statistical Bulletin November 2016
The Monthly Bulletin for November 2016 shows that the overnight Rial Omani domestic inter-bank lending rate has increased to 0.475 percent in November 2016 from 0.153 percent a year ago. The average Repos rate for liquidity injection by the CBO stood at 1.048 percent per annum during the month of November 2016.
Towards a Growing, Competitive and dynamic Small and Medium-Sized Enterprises
Sector in Oman:
Strategy and Policies - See more.
The Economic Research and Statistics Department of the Central Bank of Oman has issued an Occasional Paper analyzing the state of Small and Medium-Sized Enterprises (SMEs) in Oman. The study used survey questionnaires targeting a large and representative sample of SMEs in Oman as well as a number of commercial banks to assess the challenges and opportunities in this sector. Moreover, interviews were conducted with concerned officials from major companies in Oman, also aimed to assess challenges and potentials for SMEs in the Sultanate. In the foreword that accompanies the study, H.E. the Executive President of the Central Bank of Oman states that growing and dynamic SMEs are critical for any economy to sustain its development, more so given the flexibility of these enterprises to adapt to changing economic dynamic besides other economic rationales.
Subsequent to the analysis of the data and interviews, the following selected findings are of interest. Over 75 percent of SMEs owners and small businesses entrepreneurs in Oman are above thirty-year old, 70 percent of those surveyed never received any training related to SMEs operation or management, 58 percent of SMEs employ between 1 and 4 nationals and only 2 percent employ more than 20 nationals, the largest sources of businesses were identified as standing contracts as well as binding legal agreements with customers, and 56 percent of owners cite personal or family funds as sources of financing while 18 percent borrow from banks and other commercial institutions.
As regards findings on surveys targeting commercial banks and using multiple responses and rankings, 86 percent of commercial banks prefer to lend to individually-owned SMEs, followed by non-family partnership with 71 percent, and family owned SMEs with 57 percent. Established SMEs were the most preferred as recipient of financing by the banks with 86 percent compared to start-ups with 43 percent. Lack of financial history or financial statements was the leading obstacle to financing SMEs, followed by limited lack of business knowledge by the prospective borrowers while lack of collateral and the inherent high failure of SME firms came third in the ranking.
The study issued a comprehensive strategy and policy recommendations designed to promote a growing, competitive and dynamic SMEs sector in Oman. The strategy proposed in the study incorporated selected best practices garnered from experiences of other countries and subsequently aligned them within the context and specifics of the Omani economy and institutions. The strategy, whose goal is to promote a growing, competitive and dynamic SME sector in Oman consists of four intertwined support networks that are in turn reinforced by specific modules, all of which are discussed in the study.
A list of policy recommendations was then drawn from the proposed strategy detailing the substance of various instruments ranging from key policies and institutions, to a governing legal basis, facilitating access to financing, identification and access to opportunities, and the required infrastructure. Selected policy recommendations include a legal framework that at its core, promotes growth-driven regulations, fair competition, effective agency regulations and make sure all regulations and rules are based on reliable researches and studies. Explore other sources of financing such as collateral surrogates, capacity enhancing on SMEs lending by lending institutions, provide support on viable projects by entrepreneurs, and enhance access to government contracts. Other suggested policies include the promotion of effective and efficient business incubators, integrated business clusters in carefully studied and identified competitive sectors, professionally statistical body dedicated to SMEs, and public-private sector partnership.
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(Rial Omani Million)
| Central Bank of Oman
|| December 2016
|Total Assets / Liabilities
|Foreign Assets & Bullion
|| December 2016
|Total Assets / Liabilities
|Monetary Indicators 1
|| December 2016
|Narrow Money Supply (M1)
|Broad Money Supply (M2)
| Weighted Average Rates of Interest (%)
|| December 2016
|Rial Omani Overnight Domestic inter-bank rate
|Rial Omani Total Deposits
|Private Sector RO Time Deposits
|Rial Omani Total Lending
|Private Sector RO Lending
| 1 Includes Conventional Banks and Islamic Banks and Windows.
Monthly Statistical Bulletin October 2016
Review of the activities of conventional banks denotes a fairly robust annual growth in total outstanding credit of 7.1 percent as at the end of October 2016. Credit to the private sector increased by 9.6 percent to reach RO 17.6 billion as at the end of October 2016.
Quarterly Statistical Bulletin September 2016
The Omani economy which has been experiencing challenges of low oil prices, has been undertaking policy measures to expedite economic diversification and to augment non-oil revenues. Preliminary national accounts data for Oman shows that the nominal GDP declined by 11.1 percent during the first half of 2016 compared to the same period last year.
Al Markazi - October 2016 (English)
Al Markazi - October 2016 (Arabic)
Monthly Statistical Bulletin September 2016
The CBO is assuring enough liquidity in the market and keeping inflation levels low at 0.93 percent during the period January-September 2016.
Monthly Statistical Bulletin August 2016
The combined balance sheet of conventional and Islamic banks (other depository corporations) taken together, provides a complete overview of the financial intermediation taking place in the banking system in Oman.
Monthly Statistical Bulletin July 2016
On the fiscal front, the Government of Oman introduced several positive reform measures supported by external borrowings in addition to other sources of funding to tackle the fiscal deficits. With oil prices continuing to remain low, the current account which registered a deficit in 2015 is expected to be in deficit mode in 2016 too.
Quarterly Statistical Bulletin June 2016
With inflation based on the average annual CPI remaining low at 0.74 percent during the first half of 2016, the CBO continued with its accommodative monetary policy stance and made revisions to the reserve requirement leaving more money in the hands of banks to facilitate lending requirements.
Monthly Statistical Bulletin June 2016
Despite the challenges facing the economy, the banking sector remained resilient supporting economic diversification initiatives and credit needs. The total assets of conventional commercial banks increased by 6.1 percent to RO 29.1 billion in June 2016 from RO 27.4 billion a year ago.
Monthly Statistical Bulletin May 2016
Annual Report 2015
Annual Report 2015- Arabic
BM145- Impairment of Equity Investments Classified as Available for Sale
Vacant Position: Islamic Banking Executive
(Application Submission by 7 June 2016)
Monthly Statistical Bulletin April 2016
Investment in Government Development Bonds and Government Sukuk increased by 37.7 percent over the year to RO 923.1 million at the end of April 2016. Banks also invested RO 368.6 million in Government Treasury Bills as at the end of April 2016.
Government Development Bonds Auction Results – Issue 49 (19/04/2016)
BM 1144 - Maximum Limit of Investment by Licensed Banks in Government Development Bonds and Sukuk (12/04/2016)
Government Development Bonds Auction Results – Issue 48 (17/02/2016)
CBO Announces 48th GDB Issue Worth RO 100 Million (02/02/2016)
Domestic Systemically Important Banks (D-SIBs) Framework for Oman
Mid-Year Review of the Omani Economy 2015 (Arabic)
Mid-Year Review of the Omani Economy 2015 (English)
Quarterly Statistical Bulletin March 2016
The sustained drop in global oil prices has brought to the fore several challenges to the Omani economy. With the oil sector still central to the economy, significant fiscal and external current account deficits will have to be managed. This has enhanced the urgency for Oman to undertake fiscal adjustment and reform measures to increase non-oil reverue while containing expenditure.
Monthly Statistical Bulletin March 2016
The sustained drop in global oil prices has brought to the fore several challenges to the Omani economy. With the oil sector still central to the economy, significant fiscal and external current account deficits will have to be managed. This has enhanced the urgency for Oman to undertake fiscal adjustment and reform measures to increase non-oil reverue while containing expenditure. Oman's nominal GDP contracted by 14.1 percent in 2015 in contrast to a 4.6 percent growth over a year ago mainly due to the sizeable drop of 38.2 percent in the petroleum sector GDP. However the non-oil sector witnessed a growth of 2.3 percent during the year notably from the services sector activities. Consistent with the dollar peg and the benign global inflationary environment, inflation remained very low with the annual average CPI for the Sultanate at 0.21 percent during January-March 2016 over the same period in the previous year. The banking system is well capitalized and is resilient to the drop in oil prices supported by relatively comfortable liquidity situation, low non-performing loans, well provisioned and profitable.
Monthly Statistical Bulletin February 2016
Despite the easy monetary conditions, inflation remained very low with the annual average CPI for the Sultanate at 0.26 percent during January-February 2016 over the same period in the previous year. The banking system is well capitalized and is resilient to the drop in oil prices supported by relalively comfortable liquidity situation.
Monthly Statistical Bulletin January 2016
The main objective of the Government and the CBO is to avoid any slowdown in the growth of the economy. With the supportive demographic profile and continued focus on diversification, with inflation under check, it is expected that the Omani economy will be able to remain vibrant and continue on the growth path.