Qatar banks customers' deposits witness a 7.58% y-o-y expansion to QR974.11bn in December 2021
Date
1/29/2022 2:22:34 PM
(MENAFN- Gulf Times)
Customers' deposits of commercial banks in Qatar witnessed a 7.58% year-on-year expansion to QR974.11bn in December 2021, according the central bank data.
The total customers' deposits accounted for more than 53% of the commercial banks' liabilities during the review period, Qatar Central Bank figures revealed.
Of the total customer deposits, the private sector contributed QR620.83bn or 64% of the total in December 2021. The private sector deposits had seen 7.38% annual growth in December 2021.
Public sector deposits saw a faster 10.3% expansion year-on-year to QR306.88bn or 32% of the total customer deposits in December 2021; whereas deposits from non-banking financial institutions witnessed a 4.21% decline to QR46.4bn or about 5% of the total customer deposits.
Domestic deposits rose 5.01% to QR693.44bn, which accounted for 71% of the total deposits; and overseas deposits grew faster at 14.48% to QR280.67bn or 29% of the total.
The domestic deposits of the private and public sector were seen expanding 2.6% and 9.64% to QR391.14bn and QR288.68bn respectively, while those of the non-banking financial institutions declined 13.84% to QR13.63bn in the review period.
Within the domestic sector, the deposits of the real estate segment more than doubled year-on-year to QR11.79bn or 2% of the total domestic deposits, those of government shot up 31.01% to QR100.38bn (14%), industrials by 29.7% to QR53.89bn (8%), trading by 8.8% to QR33.26bn (5%) and personal by 1.28% to QR217.53bn (31%); whereas those of contracting declined 11.61% to QR11.11bn (2%) and services by 3.62% to QR238.08bn (34%) in the review period.
Within the domestic sector, the deposits of semi government institutions were seen expanding 19.54% year-on-year to QR36.64bn, which accounted for 5% of the total domestic deposits.
The local and foreign currency deposits of the semi-government institutions rose 33.13% and 7.7% to QR19.01bn and QR17.63bn respectively in December 2021.
The deposits of private sector corporates rose 4.09% year-on-year to QR171.87bn, which constituted about one-fourth of the total domestic deposits in the review period.
The local and foreign currency of the private sector corporates expanded 2.64% and 6.8% to QR110.29bn and QR61.58bn respectively in December 2021.
The deposits of the government institutions stood at QR151.65bn or about 22% of the total domestic deposits in December 2021. Such deposits however declined 2.8% year-on-year in the review period.
The local currency deposits of the government institutions was down 12.15% year-on-year to QR77.86bn; whereas those in foreign currency were up 9.5% to QR73.79bn in the review period.
Similarly, the local currency deposits of the non-banking financial institutions fell 20.42% year-on-year to QR8.91bn; while those in foreign currency shot up 26.88% to QR4.72bn in December 2021.
MENAFN29012022000067011011ID1103611722
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.