DOHA: Qatar-based banks’ total domestic private sector deposits has dropped about QR21.2bn to QR327bn in February. Total domestic loans and credit facilities provided by banks to the local private sector increased QR3bn to reach QR 412.6bn, a reading of the banks’ consolidated balance sheet by the Group Security Company has revealed.
A month-on-month analysis of the banks’ balance sheet in February showed the banks’ assets (and liabilities) of have decreased by QR3.4bn or 0.3 percent in February.
The banks’ combined deposits at Qatar Central Bank (QCB) increased to QR34.3bn. A breakdown of the deposits shows that government and public sector deposits increased about QR8.9bn to reachQR204bn. The government and the public sector total loans increased about QR5.3bn to touch QR 252.2bn.
The balance of Qatar Government bonds and bills with banks declined by QR2.5bn in February to QR111.8bn. The total domestic public debt (government, government institutions, quasi-governmental institutions, bills and bonds) increased about QR 2.8bn to QR364.9bn.
Banks investments in securities outside Qatar increased QR0.2bn to reach QR21.7bn with bonds and Sukuk standing at QR18.2bn and others. Local banks assets with banks outside Qatar decreased QR8.1bn to QR66.2bn. Bank loans to foreign parties increased QR0.4bn to reach QR89.1bn.
In contrast, foreign banks liabilities on banks in Qatar increased by QR3.2bn to QR190.2bn, while the indebtedness of local banks to foreign parties in the form of bonds and certificates of deposit increased to QR35.2bn. The balance of foreign deposits at Qatari banks increased QR9.6bn to QR98bn.
By reconciling assets at home and abroad with liabilities, the Group Security Company found that the banking sector debts to the outside world has increased about QR20.8bn in February to reach QR146.4bn.
