Doha: The Qatar banking sector assets declined by 2.5 percent MoM (up 4.2 percent in 2022) in January 2023 to QR1.856 trillion while the banking sector total Loan Book went down by 0.9 percent MoM (up 3.3 percent in 2022) and deposits dropped by 3.9 percent MoM (+2.6 percent in 2022) in the month of January 2023.
The public sector pushed the overall credit lower (down 3.1 percent MoM in January). As deposits fell by 3.9 percent in January, the LDR shot up to 129.6 percent vs. 125.7 percent in December 2022.
The overall loan book went down by 0.9 percent in January 2023. Total Public Sector loans dropped by 3.1 percent MoM (-1.4 percent in 2022). The government segment (represents ~28 percent of public sector loans) credit fell by 12.4 percent MoM (-18.4 percent in 2022).
However, the government institutions’ segment (represents ~67 percent of public sector loans) loan book increased by 1.1 percent MoM (+9.7 percent in 2022), while the semi-government institutions’ segment moved up by 0.6 percent MoM (-2.3 percent in 2022).
The domestic private sector loans edged up marginally by 0.01 percent MoM (+7.4 percent in 2022) in January 2023.
The General Trade and Consumption & Others segments were the main contributors toward the private sector loan marginal gain. General Trade (contributes ~21 percent to private sector loans) went up by 0.7 percent MoM (3.5 percent in 2022), while Consumption & Others (contributes ~20 percent to private sector loans) moved up by 0.3 percent MoM (+2.6 percent in 2022).
However, Services (contributes ~29 percent to private sector loans) declined by 0.4 percent MoM (+11.3 percent in 2022), while the Real Estate segment (contributes ~23 percent to private sector loans) moved lower by 0.2% MoM (+15.2 percent in 2022) in January 2023. Outside Qatar loans increased by 0.7 percent MoM (-16.7% in 2022) during the month of January 2023.
The Public sector deposits fell by 9.4 percent MoM (+20.7 percent in 2022) for the month of January 2023.
Looking at segment details, the government segment (represents ~26 percent of public sector deposits) had a steep slide by 21.2 percent MoM (+4.9 percent in 2022), while the government institutions’ segment (represents ~58 percent of public sector deposits) declined by 6.0 percent MoM (+28.4 percent in 2022).
However, the semi-government institutions’ segment moved up by 2.7 percent MoM (+31.8 percent in 2022) in January 2023.
