A man crosses Grand Hamad street where banks and financial institutions are located in Doha, Qatar (Reuters)
DOHA: Qatar banks’ assets (and liabilities) increased by QR54.3bn to QR1.39trillion by the end of June 2018, compared to QR1.34trillion 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.
The total domestic private sector deposits at local banks decreased by about QR3.3bn to QR342.9bn, by the end of June. Total domestic loans and credit facilities provided by banks to the local private sector increased by QR11.4bn to QR499.4bn; of which QR148.1bn for the real estate sector (an increase of QR2.7bn), QR128.9bn for individuals’ consumer loans (up by QR1.8bn), QR88.3bn for services (up by QR6.4bn) and QR70.5bn for trade (up by QR0.9bn). In addition, there were loans and facilities amounting to QR13.8bn for the non-banking financial sector (down by QR3.3bn).
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.
In contrast, foreign banks deposits from local banks increased by QR203.6bn. Domestic banks’ foreigner debt, in the form of bonds and certificates of deposit, increased by QR1.8bn to QR52.2bn. The balance of foreign deposits at Qatari banks decreased by QR8.1bn to QR150.1bn.
By comparing domestic and foreign assets with liabilities, The Group analysts estimate that net liabilities of the banking sector to foreigner entities by the end of June amounted to QR175.3bn.
