World Economy

Qatar Banks’ Private Sector Credit at $127b

Qatar Banks’ Private Sector Credit at $127bQatar Banks’ Private Sector Credit at $127b

Qatar banks’ assets and liabilities have increased QR3.1 billion ($850 million) to QR1.366 trillion by the end of January 2018, compared to previous month; and recorded an 8.3% growth or QR104. 8 billion increase on year-on-year, The Peninsula reported. A reading of the banks’ consolidated balance sheet figures by The Group analysts has noted that the total domestic private sector deposit at local banks was increased by QR2.1 billion to QR358.6 billion, by the end of January. The banks’ total loans and credit facilities to local private sector increased QR1.9 billion to QR463.4 billion ($127 billion). The credit facilities to the real estate sector stood at QR146.7 billion in January, while individual consumer loans amounted to QR123.4 billion. The credit facilities to the trade stood at QR67.5 billion and services at QR62.6 billion. The loans and facilities amounting to QR17.4 billion went for the non-banking financial sector. Qatar’s banks witnessed a decrease in government and public sector deposits in January. The deposits from these sectors were decreased by QR18.9 billion to QR296.5 billion. Government deposits recorded QR82 billion, while the deposits of government institutions settled at QR183.8 billion.


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