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Credit extended by banks reaches OMR25.1bn

Muscat: The banking sector in the Sultanate continued to witness reasonable growth and support economic diversification initiatives, including providing adequate credit to the small and medium enterprise (SME) sector.

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 the Sultanate.

The total outstanding credit extended by other depository corporat…
Banking Industry News

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