MUSCAT: The total value of private deposits at the commercial banks in Oman as of the end of April 2011 rose by 4.87 percent to RO. 7.234,7 billion compared to RO. 6.898,4 billion in the corresponding period in 2010, the monthly statistical bulletin published by the Central Bank of Oman (CBO) said Friday. It pointed out that the gross value for the deposits as of the end of April 2011 includes the time deposits stood at RO. 2.490,6 billion, RO. 2.260,6 billion saving deposits and RO 2.393,5 billion on demand deposits. The bulletin pointed out that the total value for these deposits include RO. 6.694,3 billion and RO. 540,4 million in foreign currencies. The broad money and clearance to the deposits in riyals was 10.5 percent. The combined money and clearance to the gross deposits was 9 percent. The total percentage of loans to liabilities was 103.4 percent. The rate of foreign currency deposits to the total deposits was 14.1 percent. The rate of foreign assets to the total assets was 11 percent. The foreign liability to the total liabilities was 9.7 percent. The on-demand deposits to the total private deposits was 33 percent. The capital and reserves to the total deposits was 19 percent. The rate of allocations and the retained interests to the total credit was 4.2 percent. Meanwhile, the inflation rate in the Sultanate recorded 4.1 percent in April 2011 compared to April 2010. Compared against the inflation rate in some AGCC countries, the Sultanate comes second after Saudi Arabia, which recorded 4.8 percent. The inflation rate in Bahrain declined by 2.3 percent. The consumer price index in the Sultanate for April 2011 rose by 0.3 percent compared to March 2011. The consumer price index increased by 0.4 percent for Bahrain and the Kingdom of Saudi Arabia.
