Bank street, Qatar (file photo / Reuters)
DOHA: The total deposits in commercial banks in Qatar in June 2018 increased to QR818.33bn, up by 6.2 percent compared to QR770.70bn of the corresponding month last year.
When compared on monthly basis, the deposits of commercial banks in June soared by 4.2 percent compared to QR785.42bn in May 2018.
Public sector deposits in commercial banks witnessed a significant 29.4 percent growth (year-on-year) at QR313.33bn in June 2018 against QR242.21bn in June 2017. On month-on-month, public deposits in commercial banks increased by 8.9 percent compared to QR287.84bn deposited in the previous month, latest data released by the Ministry of Development Planning and Statistics show.
However, the deposits by both private sector and non-residents in commercial banks declined in June 2018 compared to the same month previous year. The total deposits by private sector in June 2018 stood at QR354.94bn, 0.8 percent down compared to QR357.85bn in June 2017, while on monthly basis it declined by 0.7 percent against QR357.52bn in the previous month (May 2018).
Non-residents’ deposits in commercial banks declined by 12.1 percent (y-o-y) to QR150.05bn in June this year compared to QR170.63bn in June 2017, while on monthly basis, it increased by 7.1 percent (about QR10bn) against QR140.06bn in May 2018.
Qatar banks’ assets (and liabilities) increased by QR54.3bn to QR1.39 trillion by the end of June 2018, compared to QR1.34 trillion by the end of May, 6.6 percent higher than a year earlier.
Government and public sector deposits have increased by QR25.5bn to QR313.3bn. Government deposits recorded QR79.5bn, and Government Institutions made QR187.4bn, while the deposits of Semi-Government Institutions, in which government share is less than 100 percent and more than 50 percent, stood at QR28.5bn, The Group Securities noted in its reading of Qatar banks’ consolidated balance sheet figures for the month of June 2018.
On the other hand, the total loans of the government and public sector increased by QR27.4bn to reach QR330.8bn.
A breakdown shows the total loans of the government sector stood at QR163.4bn, down by QR15.5bn from the previous month as government institutions’ loans increased by QR0.2bn to QR147.1bn.
The loans availed by the semi-governmental institutions stood almost flat at QR20.3bn.
Figures suggest that the balance of government bonds and bills increased by QR5bn to QR153.3bn. As a result, the total domestic public debt (government, government institutions and semi-government institutions) as well as bonds, bills and sukuk climbed by QR22.3bn to QR484bn.
Commercial banks’ investments in securities outside Qatar stood still at QR17.5bn, and their assets at foreigner banks increased by QR0.8bn to QR78.7bn. Local banks’ loans to foreign parties dropped by QR2bn to QR85.8bn, and their investments in foreign companies decreased by about QR0.3bn to QR39.9bn. Moreover commercial banks’ other assets outside the country increased slightly by QR4bn.
