DOHA: Qatar banks’ total domestic loans and credit facilities to the local private sector has increased by QR4bn to QR488bn in May, compared to the previous month. Of this, QR145.4bn went to the real estate sector, down by QR1.3bn compared to April. QR127.1bn was provided for individuals’ consumer loans (up by QR0.85bn), QR81.9bn for services (up by QR3.4bn) and QR69.6bn for trade (up by QR0.6bn). In addition, there were loans and facilities amounting to QR17.1bn for the non-banking financial sector.
The total domestic private sector deposits at local banks decreased by about QR1.1bn to QR346.2bn, by the end of May, a reading of the banks’ consolidated balance sheet figures by The Group analysts showed.
Qatar banks’ assets (and liabilities) decreased by QR6.8bn to QR1346.5bn by the end of May, compared to QR1353.3bn by the end of April. The correction comes after a series of successive and strong climbs, and resulted in the decrease of government debt.
The Government and Public Sector deposits have decreased by QR5.4bn to QR287.8bn. Government deposits recorded QR79.7bn, and Government Institutions made QR179.8bn, while the deposits of Semi-Government Institutions, in which government share is less than 100 percent and more than 50 percent, stood at QR28.3bn. On the other hand, the total loans of the government and public sector decreased by QR1.6bn to reach QR313.4bn.
A breakdown shows that the Government deposits stood at QR147.9bn, down by QR1.7bn and government institutions deposits at QR146.9bn, an increase of QR0.4bn compared to the previous month. Semi-government institutions’ deposits stood at QR20.3bn, down by QR0.3bn.
Commercial banks’ investments in securities outside Qatar declined by QR0.6bn to QR17.5bn, and their assets at foreigner banks decreased by QR5.4bn to QR77.9bn. Local banks’ loans to foreign parties dropped by QR1.6bn to QR87.8bn, and their investments in foreign companies decreased by about QR0.2bn to QR39.9bn. The commercial banks’ other assets outside the country remained unchanged at about QR3.9bn.
In contrast, foreign banks deposits from local banks decreased by QR6.5bn to QR202.6bn. Domestic banks’ foreigner debt, in the form of bonds and certificates of deposit, increased by QR1.8bn to QR50.4bn. The balance of foreign deposits at Qatari banks was decreased by QR4.7bn to QR142bn.
By comparing domestic and foreign assets with liabilities, The Group analysts deduce that net liabilities of the banking sector to foreigner entities increased by QR4.7bn by the end of May to QR176.6bn.
