DOHA: The total domestic private sector deposit at Qatar banks has increased by about QR7.9bn to QR350.8bn by the end of July 2018. The combined domestic loans and credit facilities provided by banks to the local private sector rose by QR4bn to QR503.4bn. Of this, QR148.5bn was provided for the real estate sector, up QR0.5bn from the previous month.
The Group analysts’ reading of Qatar banks’ consolidated balance sheet for the month of July found that individuals’ consumer loans stood at QR128.7bn during the month, down by QR0.2bn from the month of June. As the credit facilities for the services sector rose by QR4.4bn to QR92.7bn, the credit to trade slipped by QR0.1bn to reach QR70.4bn. The loans and facilities to the non-banking financial sector amounted to QR13.9bn.
According to The Group analysts, the country’s commercial banks’ investments in securities outside Qatar stood still at QR17.5bn, and their assets at foreign banks increased by QR15.1bn to QR93.8bn. Local banks’ loans to foreign parties dropped by QR2bn to QR83.8bn, and their investments in foreign companies stabilised at QR39.6bn. Moreover commercial banks’ other assets outside the country stood still at QR4bn.
In contrast, foreign banks deposits from local banks increased by QR7.9bn to QR 211.5bn. Domestic banks’ foreigner debt, in the form of bonds and certificates of deposit, increased by QR0.5bn to QR52.7bn. The balance of foreign deposits at Qatari banks climbed by QR9.2bn to QR159.3bn.
“By comparing domestic and foreign assets with liabilities, we deduce that net liabilities of the banking sector to foreigner entities by the end of July increased by QR9.5bn, to QR184.8bn”, The Group said. The bank’s’ assets (and liabilities) decreased by QR4.9bn to QR1387.3bn by the end of July, compared to QR1392.2bn by the end of June, but remains 6.4 percent higher than a year earlier, which represents an increase of QR84.4bn.
Government and public sector deposits have decreased by QR21.7bn to QR291.6bn. 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. On the other hand, the total loans of the government and public sector decreased by QR9.1bn to reach QR320.9bn.
A breakdown shows that Government deposits was down by QR9.3bn to QR154.1bn as Government institutions’ deposit was slipped by QR0.1bn to QR147bn as semi-governmental institutions’ deposit edged up by 0.5bn to QR19.8bn.
Available figures suggest that the balance of government bonds and bills was decreased by QR9.7bn to QR143.6bn. As a result, the total domestic public debt (government, government institutions and semi-government institutions) as well as bonds, bills and sukuk dropped by QR18.8bn to QR464.5bn.
