The government and public sector institutions’ deposits in the banks have increased by QR26.6bn to reach QR195.8bn. While the government deposits have reached the level of QR67.bn, the deposits of government institutions have touched QR96.6bn. The semi-government institutions’ deposits rose to QR32.1bn, the Group Securities noted in its detailed reading of the banks’ consolidated balance sheet issued by the Qatar Central Bank (QCB) for the month February..
Meanwhile, government and the public sector's total loans increased by QR18.1bn to QR318.9bn. The government loans rose to QR165.5bn, up by QR17.8bn in the previous month. Government institutions’ loan reached QR140.1bn with an increase of QR0.3bn and the loans availed by the semi-governmental institutions remained to the January levels of QR13.3bn. billion, with no change.
QCB data showed the balance of Qatar Government bonds and bills with banks settled at the level of QR118bn with no change. The total domestic public debt (government, government institutions, quasi-governmental institutions, bills and bonds) increased QR18.1bn to reach the level of QR436.9bn.
Qatar banks’ assets (and liabilities) increased to QR1.26trillion, up by QR2.5bn from the end of January . Bank’s total deposits at Qatar Central Bank declined by QR1.5bn in February to reach QR44.3bn.The breakdown shows QR35bn as the obligatory reserve balance. This reserve is set by QCB at the rate of 4.75 percent of the total customers' deposits at each bank. The obligatory reserve is deposited permanently and with no interest. QR9.39bn is banks’ free balances at QCB.
The total domestic private sector deposits at local banks, by the end of February, increased by QR5bn to QR361.9bn, in addition to deposits worth QR10.7bn by non-banking financial institutions. Total domestic loans and credit facilities provided by banks to the local private sector decreased by QR2.1bn to touch QR438.5bn; of which QR131.5bn for real estate’s sector, QR121.4bn for individual’s consumer loans, QR61.3bn for service sector and QR60.9bn for trade. There were also loans and facilities worth QR15.7bn for the non-banking financial sector.
Banks’ investments in securities outside Qatar settled at the level of QR17.94bn in February. The breakdown shows QR14.54bn towards bonds and Sukuk; QR3.4bn shares and others. Local banks assets at banks outside Qatar decreased by QR3.6bn to reach QR93.6bn. Bank loans to foreign parties decreased QR1.5bn to reach the level of QR94.9bn and banks investments in foreign companies settled at the level of QR39.9bn.
In contrast, foreign banks liabilities on banks in Qatar decreased QR1.8bn to reach the level of QR197.4bn. While the indebtedness of local banks to foreign parties, in form of bonds and certificates of deposit, decreased QR2.2bn to reach QR49.1bn. The balance of foreign deposits at Qatari banks was decreased by QR10.6bn to QR185.8bn. By reconciling assets at home and abroad with liabilities, the Group Securities find that banking sector's debt to the outside world has decreased QR9.4bn below the level of debts in January to reach QR186bn.
