Qatar Commercial Banks' Total Assets Up 6.5% To QR2.12 Trillion

Doha, Qatar: The total assets of commercial banks operating in Qatar increased by 6.5 percent to QR2.12 trillion in July 2025 according to Qatar Central Bank (QCB) official data released yesterday.

Qatar Central Bank posted on its X platform the key banking sector indicators recorded growth in July this year compared to last year. The key highlights from July 2025 Monthly Monetary Bulletin showed that the total assets of commercial banks saw year-on-year expansion by 6.5 percent to reach QR2.12 trillion.

The total domestic deposits also witnessed a jump by 2.3 percent on yearly basis to reach QR852.3bn in July this year. While the domestic credit in July 2025 soared 5.5 percent year-on-year to QR1.34 trillion.

QCB post further stated that the total broad money supply (M2) increased by 1.7 percent to reach QR739.5bn in July 2025 on year-on-year basis.

Qatar's banks have withstood global and regional uncertainties, leaving them in a strong position for further growth. The sector's banks stand to benefit from the country's strategic vision – the Third National Development Strategy (NDS-3) for 2024-30, which prioritises financial services in Qatar's future development and diversification.

The Third Financial Sector Strategic Plan prioritises banking as one of its four strategic pillars, alongside insurance, capital markets and the digital ecosystem.

Three growth areas have been selected for banks: tailored finance, specialised advisory services, and digital banking and payment services. At the same time, the plan sets foundational targets of enhanced regulatory measures and efficiency, developing talent and capabilities for the sector. The sector is embracing digitalisation, financial technology (fintech) adoption, and a host of new banking methods and services.

It is undergoing a transformative shift, adapting to global economic trends and embracing technological advancements. This evolution is marked by a commitment to risk management, fintech innovation, and international standards, positioning the sector for sustained growth and stability.

Banking supervisions in Qatar is experiencing a paradigm shift as the country adapts to global economic trends and technological advancements. By prioritising risk management, embracing fintech innovation, and adhering to international standards, Qatar's banking sector is positioned for continued growth and stability.

The QCB's financial technology vision is based on developing, diversifying and increasing the competitiveness of Qatar's financial technology and services sector through pioneering infrastructure and providing solutions that positively impact the customer experience.

MENAFN02092025000063011010ID1110007798