Doha: Qatar’s banking sector total assets reached QR1.828 trillion in August 2022, showing an increase of 0.7 percent month-on-month (0.1 percent in 2022), according to the QNB Financial Services ‘Qatar Monthly Key Banking Indicators’ report.
Qatar’s banking sector total loan book also went up by 0.6 percent M-o-M (0.2 percent in 2022) and Deposits rose by 0.9 percent M-o-M (-0.1 percent in 2022) in August 2022. The Public sector mainly pushed the credit higher (up 1.7 percent M-o-M in August). As deposits gained by 0.9 percent in August, the LDR declined slightly to 125.2 percent vs. 125.5 percent in July 2022. The overall loan book went up by 0.6 percent, while domestic public sector loans moved higher by 1.7 percent M-o-M (-4.5 percent in 2022).
The government segment (represents ~32 percent of public sector loans) rose by 3.9 percent M-o-M (-18.1 percent in 2022), while the government institutions’ segment (represents ~62 percent of public sector loans) loan book increased by 1.0 percent M-o-M (+3.1 percent in 2022). However, the semi-government institutions’ segment moved lower by 2.6 percent M-o-M (+10.7 percent in 2022).
Total private sector loans edged higher by 0.3 percent M-o-M (+3.2 percent in 2022) in August 2022. The Real Estate segment and Consumption & Others mainly contributed toward the private sector loan growth in August 2022. Real Estate segment (contributes ~21 percent to private sector loans) moved up by 0.8 percent M-o-M (+4.9 percent in 2022). Consumption & Others (contributes ~22 percent to private sector loans) went up by 0.5 percent M-o-M (+4.5 percent in 2022).
Services (contributes ~29 percent to private sector loans) edged up by 0.04 percent M-o-M (+4.7 percent in 2022), while General Trade (contributes ~21 percent to private sector loans) moved up slightly by 0.05 percent M-o-M (+0.6 percent in 2022) during the month of August 2022. Outside Qatar loans went down by 1.4 percent M-o-M (-7.2 percent in 2022) in August 2022.
Public sector deposits increased by 3.7% M-o-M (+14% in 2022) in August 2022, resulting in the overall gains in the Qatar Banking Sector deposits. Looking at segment details, the government segment (represents ~31% of public sector deposits) shot up by 8.4% M-o-M (+1.9 percent in 2022), while the government institutions’ segment (represents ~54% of public sector deposits) leaped forward by 1.4% M-o-M (+17.6% in 2022). The semi-government institutions’ segment moved up by 2.8% M-o-M (+31.8% in 2022).
