File photo used for representation only
Doha: Qatar banking sector’s total assets have increased by 0.8 percent Month-on-Month (0.3 percent in 2022) in March 2022 to reach QR1.832 trillion, according to a report by QNB Financial Services.
Banking sector’s Total Loan Book increased by 0.4 percent MoM (-0.1 percent in 2022) and deposits went up by 0.3 percent MoM (-0.7 percent in 2022) in the month of March 2022. The Private and Public sector pushed the credit higher (up 0.4 percent and 0.6 percent respectively MoM in March). As deposits went up by 0.3 percent in March, the LDR went slightly up to 125.6 percent vs. 125.5 percent in February 2022.
Public sector deposits went up by 4.2 percent MoM (0.9 percent in 2022) for the month of March 2022 resulting in the overall gain in deposits. Looking at segment details, the government segment (represents ~33 percent of public sector deposits) increased by 12.0 percent MoM (-5.4 percent in 2022), while the semi-government institutions’ segment moved up by 4.9 percent MoM (+2.9 percent in 2022). However, the government institutions’ segment (represents ~54 percent of public sector deposits) declined marginally by 0.1 percent MoM (+4.6 percent in 2022).
Private sector deposits moved down by 0.2 percent MoM (3.2 percent in 2022). On the private sector front, the companies & institutions’ segment went down by 0.8 percent MoM (3 percent in 2022) and the consumer segment went up by 0.3 percent MoM (3.4 percent in 2022). Non-resident deposits declined by 2.9 percent MoM (-7.9 percent in 2022).
The overall loan book moved higher by 0.4 percent in March 2022. Total Private sector loans moved up by 0.4 percent MoM (1.2 percent in 2022) in March 2022. Consumption & Others segment and the General Trade segment mainly contributed toward the private sector loan growth for the month of March 2022. Consumption & Others segment (contributes ~21 percent to private sector loans) increased by 1.3 percent MoM (2 percent in 2022). General Trade (contributes ~21 percent to private sector loans) went up by 0.6 percent MoM (1.8 percent in 2022). Services (contributes ~28 percent to private sector loans) moved up by 0.2 percent MoM (1.6 percent in 2022). However, Real Estate (contributes ~21 percent to private sector loans) edged down marginally by 0.1 percent MoM (0.1 percent in 2022) during the month of March 2022.
Domestic Public Sector loans went up by 0.6 percent MoM (-2.2 percent in 2022). The government segment’s (represents ~35 percent of public sector loans) loan book increased by 1.4 percent MoM (-7.7 percent in 2022), while the semi-government institutions’ segment moved up by 6.3 percent MoM (8.7 percent in 2022). However, the government institutions’ segment (represents ~59 percent of public sector loans) declined slightly by 0.4 percent MoM (0.4 percent in 2022) during the month of March 2022.
