DOHA: Qatar banks’ credit facilities to the real estate sector stood at QR145.7bn in December 2017. Total domestic private sector deposits at local banks increased by QR8.2bn to QR356.5bn by the end of December, which is QR8.8bn higher than a year ago or 2.5 percent up, a reading of Qatar banks’ consolidated balance sheet for the month of December by The Group Securities noted.
Total loans & credit facilities to the local private sector entities has increased by QR0.5bn to QR461.5bn, of which real estate sector accounted for the biggest share.
The credit for individual’s consumer loans stood at QR123.4bn, which the facilities to trade sector touched QR64.5bn and loans availed by the services sector stood at QR63.6bn in December.
The non-banking financial sector availed loans and facilities amounting to QR17.5bn.
The banks’ assets (and liabilities) increased by QR40.9bn to QR1363.6bn by the end of December, compared to QR1332.7bn by the end of November, 4.8 percent higher than a year earlier, which represents an increase of QR60.9bn.
Government and public sector deposits have increased by QR7.4bn to QR315.4bn.
Government deposits recorded QR97.1bn, while the deposits of government institutions settled at QR188.8bn.
The deposits of semi-government institutions, in which government share is less than 100 percent and more than 50 percent, stood at QR29.5bn.
On the other hand, the total loans of the government and public sector decreased by QR9.2bn to reach QR341.7bn.
A breakdown shows government deposits stood at QR175.6bn in December, down by QR8.9bn from the previous month.
Government institution’s deposits remained flat at QR146.2bn, while semi-governmental institutions’ deposits stood at QR19.9bn, a drop of QR0.3bn. In addition to the foregoing, figures suggest that the balance of government bonds and bills increased by QR14bn to QR156.5bn.
As a result, the total domestic public debt (government, government institutions and semi-government institutions, as well as bonds, bills and sukuk) increased by QR5.2bn to QR498.2bn.
Commercial banks’ investments in securities outside Qatar dropped by QR0.4bn to QR18.4bn, while their assets at foreigner banks increased by QR10bn to QR77.3bn.
Local banks’ loans to foreign parties decreased by QR1.3bn to QR90.5bn, as well as their investments in foreign companies by QR0.2bn to QR40bn.
The banks’ other assets outside the country increased by about QR0.5bn to reach QR4.3bn.In contrast, foreign banks deposits at local banks dropped by QR2.4bn to QR174.3bn. Domestic banks’ foreign debt, in the form of bonds and certificates of deposit, increased by QR0.4bn to QR46.7bn.
The balance of foreign deposits at Qatari banks rose by QR2.2bn to QR137.1bn.
By comparing domestic and foreign assets with liabilities, The Group analysts noted that net liabilities of the banking sector to foreigner entities decreased by QR8.4bn by the end of December to QR128bn.
