Qatar's loan growth flat in July, up 6.8 percent annually

(MENAFN) Loan growth, which is vital to banks' income growth, was flat for Qatari banks in July, but showed a 6.8 percent increase year-to-date (between January and July, 2015), says a report.

In its July report for Qatar's banking sector, QNB Financial Services said yesterday that deposit growth of the banks also suffered in the month as it fell by 3.1 percent on-month but grew year-to-date by 3.8 percent.

Banks' credit disbursal suffered in July as dispensation to the public sector dipped by 2.6 percent month-on-month and fell by 6.9 percent year-to-date, the released data showed.

Private sector continued its positive trajectory led by real estate and the contracting sector. Moreover, public sector deposits contracted by 10.8 percent on-month (and down 10.8 year-to-date).


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